{"id":265637,"date":"2026-04-13T14:41:14","date_gmt":"2026-04-13T14:41:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/265637\/"},"modified":"2026-04-13T14:41:14","modified_gmt":"2026-04-13T14:41:14","slug":"hollywood-heavyweights-voice-unequivocal-opposition-to-paramount-warner-merger-in-open-letter-business","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/265637\/","title":{"rendered":"Hollywood heavyweights voice ‘unequivocal opposition’ to Paramount-Warner merger in open letter | Business"},"content":{"rendered":"

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<\/a> that would consolidate two legacy studios into one, arguing that it further reduce jobs and movies in an already downsized Hollywood.<\/p>\n

\u201cThe result will be fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs, and less choice for audiences in the United States and around the world,\u201d reads the letter, posted on BlocktheMerger.com<\/a>. \u201cAlarmingly, this merger would reduce the number of major U.S. film studios to just four.\u201d<\/p>\n

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 later this month and government regulatory approval. Paramount’s victory came after months of negotiations and a rival bid by Netflix that ultimately fell short.<\/a><\/p>\n

Ellison, chief executive of Paramount Skydance, has pledged to keep Paramount and Warner Bros. as stand-alone movie studio operations, and vowed to release a combined 30 movies a year in theaters. Though the merger will result in considerable cuts because of duplication of roles, Paramount has contended the fusion of Paramount and Warner Bros. Discovery \u201cstrengthens the overall job market.\u201d<\/p>\n

But many in the film industry believe a merger will mean extensive job losses and a consolidation of power.<\/p>\n

\u201cWe are deeply concerned by indications of support for this merger that prioritize the interests of a small group of powerful stakeholders over the broader public good,\u201d read the letter. \u201cThe integrity, independence, and diversity of our industry would be grievously compromised.\u201d<\/p>\n

A coalition of advocacy groups organized the letter, including the Committee for the First Amendment \u2014 a free speech group led by Jane Fonda<\/a> \u2014 as well as the Democracy Defenders Fund and the Future Film Coalition. Other signatories include: Ben Stiller, Don Cheadle, Javier Bardem, Lily Gladstone, Lin-Manuel Miranda, Tiffany Haddish and Ted Danson.<\/p>\n

On Monday, one signee, Damon Lindelof, detailed his decision on Instagram. Lindelof, the creator of \u201cWatchmen\u201d and the co-creator of \u201cLost,\u201d has an overall deal with Warner Bros. Discovery.<\/p>\n

\u201cHollywood mergers mean fewer movies and fewer TV shows and that means fewer jobs,\u201d wrote Lindelof. \u201cWhen two storied backlots are owned by the same company, the outcome is intuitive \u2014 one becomes a Ghost Town. I\u2019m scared. But I\u2019m not a ghost. And a fight is already lost if it\u2019s never fought.\u201d<\/p>\n

Representatives for Paramount and Warner Bros. didn\u2019t immediately respond to requests for comment on the letter.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"A large swath of the movie industry, including Denis Villeneuve, Kristen Stewart, J.J. Abrams and Joaquin Phoenix came…\n","protected":false},"author":2,"featured_media":192546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[387,967,18,48,52,51,47,50,49,48882,1399,116220,17,1704],"class_list":["post-265637","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-business","tag-entertainment","tag-general-news","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-media-and-entertainment-industry","tag-movies","tag-paramount-warner-open-letter-hollywood","tag-u-s-news","tag-wire"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/265637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=265637"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/265637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/192546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=265637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=265637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=265637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}