# Jane Fonda, Joaquin Phoenix, Bryan Cranston, Pedro Pascal and Glenn Close sign open letter.

*business · news · 2026-04-14 · RTE.ie*

## Key points

- Over 1,000 Hollywood figures have signed an open letter opposing the Paramount-Warner Bros merger.
- Paramount Skydance's $111 billion bid for Warner Bros topped a competing offer from Netflix.
- The merger would reduce the number of major US film studios to just four.
- Hollywood insiders fear the deal will lead to significant job cuts across the production ecosystem.
- Paramount Skydance has pledged to release at least 30 feature films annually post-merger.

**Companies:** Paramount, Warner Bros
**Countries:** United States

[Read the full story on RTE.ie](https://www.rte.ie/news/business/2026/0414/1568120-hollywood-stars-sign-ketter-against-paramount-warner-deal/)

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