More than a thousand prominent figures from Hollywood, including acclaimed movie stars, writers, and directors, have declared their "unequivocal opposition" to the proposed merger between Paramount and Warner Bros. Discovery. Their collective stance was articulated in an open letter published on Monday, signalling widespread concern across the industry.
A significant contingent of the film world, featuring luminaries such as Denis Villeneuve, Kristen Stewart, JJ Abrams, and Joaquin Phoenix, has forcefully spoken out against the £87 billion deal. They argue that the consolidation of two legacy studios would inevitably lead to further job losses and a reduction in film production within an already contracting Hollywood landscape.
