""Our industry is already under severe strain, in large part due to prior waves of consolidation. We have witnessed a steep decline in the number of films produced and released, alongside a narrowing of the kinds of stories that are financed and distributed.""
""Increasingly, a small number of powerful entities determine what gets made-and on what terms-leaving creators and independent businesses with fewer viable paths to sustain their work. We are deeply concerned by indications of support for this merger that prioritize the interests of a small group of powerful stakeholders over the broader public good.""
The merger between Paramount and Warner Bros. has faced significant backlash from celebrities, who have signed an open letter opposing the deal. Notable figures like Pedro Pascal, Edward Norton, and Florence Pugh are among those expressing concern. The letter highlights issues of industry consolidation, stating it leads to fewer films and a narrowing of stories. It warns that the merger prioritizes powerful stakeholders over public interest, threatening the integrity and diversity of the industry. Paramount's CEO, David Ellison, missed a key hearing regarding the merger due to a family funeral.
Read at Vulture
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