"The result will be fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs, and less choice for audiences in the United States and around the world."
"Alarmingly, this merger would reduce the number of major U.S. film studios to just four."
"This transaction uniquely brings together complementary strengths to create a company that can greenlight more projects, back bold ideas, support talent across multiple studios."
Over a thousand Hollywood professionals, including notable figures, expressed strong opposition to the proposed $111 billion merger between Paramount and Warner Bros. Discovery. They argue that the merger would lead to fewer job opportunities, higher costs, and less choice for audiences. The letter emphasizes that the merger would reduce the number of major U.S. film studios to just four. Paramount's CEO claims the merger will enhance opportunities for creators, despite acknowledging potential job cuts due to operational overlaps.
Read at Fast Company
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