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Jane Fonda, Joaquin Phoenix, Bryan Cranston, Pedro Pascal and Glenn Close sign open letter.
Over 1,000 Hollywood figures have signed an open letter opposing the Paramount-Warner Bros merger.
KEY POINTS
- 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.
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