Apr. 14 at 11:46 PM
Warner Bros. Discovery faces growing opposition to its proposed acquisition by Paramount Skydance, as a public letter opposing the deal has now gathered around 2,000 Hollywood signatories.
The letter, which has doubled in size in just one day, includes major figures from the film and television industry such as Javier Bardem, Pedro Pascal, Joaquin Phoenix, JJ Abrams, Ben Stiller, Mark Ruffalo, Bryan Cranston, and others. It argues that the merger would reduce creative opportunities, cut jobs, and limit content diversity across the entertainment industry.
Critics warn that the consolidation could further shrink an already strained Hollywood ecosystem, citing declining film production, fewer releases, and reduced funding for diverse storytelling.
The deal, valued at around
$111B, is set to be voted on by WBD shareholders on April 23, with potential completion in early 2026 if approved by regulators in the U.S. and other markets.
$WBD $PARAA $PSKY