Hundreds in Hollywood declare opposition to Paramount-Warner deal
AP News
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More than a thousand movie stars, writers, directors and other Hollywood professionals announced their “unequivocal opposition” to the proposed Paramount merger with Warner Bros.
Discovery in an open letter published Monday.
A large swath of the movie industry, including Denis Villeneuve, Kristen Stewart, J.J. Abrams and Joaquin Phoenix came out forcefully against the $111 billion deal that would consolidate two legacy studios into one, arguing it would further reduce jobs and movies in an already downsized Hollywood.
In late February, David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros.
Discovery in one of the largest media mergers ever.
The deal awaits a shareholder vote and regulatory approval.
Hollywood opposes Paramount-Warner merger
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Hollywood heavyweights voice opposition to Paramount's takeover of Warner Bros.
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