# Over 1,000 artists, filmmakers, and industry professionals have signed an open letter opposing the $111 billion deal.

*business · news · 2026-04-13 · Times Now*

## Key points

- Over 1,000 Hollywood artists signed an open letter opposing the Paramount Skydance–Warner Bros. Discovery merger.
- The letter warns the merger could eliminate mid-budget films and erode independent distribution channels.
- Paramount has secured significant financial backing from Middle Eastern sovereign wealth funds for the acquisition.
- If completed, the merger would reduce the number of major U.S. film studios to just four.
- Signatories support ongoing regulatory scrutiny and pledge to assist efforts to preserve industry competition.

**Companies:** Warner Bros. Discovery, Paramount Skydance
**Countries:** United States

[Read the full story on Times Now](https://www.timesnownews.com/entertainment-news/hollywood/hollywood-unites-against-paramount-warner-merger-thousands-of-artists-including-kristen-stewart-mark-ruffalo-write-letter-article-154068656)

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