Over 1,000 Hollywood professionals, including stars like Bryan Cranston, Jane Fonda, and Joaquin Phoenix, have publicly opposed the proposed merger between Paramount Skydance and Warner Bros. Discovery. The open letter warns that the deal would deepen media consolidation, reduce competition, and threaten opportunities for creators and jobs across the industry. Signatories emphasize that the merger could leave only four major U.S. film studios, diminishing diversity and innovation in entertainment.

The deal, announced by Paramount Skydance CEO David Ellison, aims to acquire Warner Bros. Discovery but faces significant scrutiny from regulators and the creative community. Critics argue that the consolidation could eliminate mid-budget films, weaken independent distribution, and undermine profitability and screen credit integrity, risking industry sustainability. The letter supports ongoing investigations by California and UK authorities, highlighting concerns about the potential negative impacts on free speech, competition, and economic diversity within the entertainment sector.