More than 1,400 actors, directors, and filmmakers have publicly opposed the proposed merger between Paramount and Warner Bros Discovery. Leading Hollywood names such as Emma Thompson, Ben Stiller, Javier Bardem, and Rose Byrne signed an open letter raising concerns about the deal.
The signatories argue that the merger would further concentrate power in an already limited media landscape. They warn that fewer studios could lead to reduced competition, fewer creative opportunities, and limited choices for audiences worldwide.
The proposed $111bn deal could reduce the number of major US film studios to just four. Industry professionals believe this consolidation may shrink job opportunities and reduce the number of buyers and producers of film and television content.
Other prominent figures, including Kristen Stewart, Kristin Scott Thomas, and Glenn Close, also joined the opposition. Many more professionals continue to support the campaign against the merger.
The letter urges regulators, including California Attorney General Rob Bonta, to block the deal. Creators fear that consolidation will result in fewer productions, higher costs, and limited diversity in storytelling.
Writer and producer Damon Lindelof also spoke out against the merger. He warned that large studio mergers often lead to fewer films and television shows, which ultimately reduces jobs across the industry.
Despite the backlash, Paramount defended the merger. The company stated that the deal would expand opportunities for creators and allow for greater investment in storytelling. It also promised to maintain independent creative leadership while supporting talent at all stages of their careers.
The merger follows ongoing disruptions in the entertainment industry, including the effects of the Covid pandemic, labour strikes in 2023, and increasing competition from streaming platforms. As debates continue, the future structure of Hollywood remains uncertain.
