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Over 1,000 artists, filmmakers, and industry professionals have signed an open letter opposing the $111 billion deal.
Over 1,000 Hollywood artists signed an open letter opposing the Paramount Skydance–Warner Bros. Discovery merger.
KEY POINTS
- 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
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