Hollywood Stars Oppose $110B Paramount–Warner Bros Merger Over Competition Fears

A coalition of more than 1,000 filmmakers, actors and industry professionals has signed an open letter opposing the proposed $110 billion merger between Warner Bros Discovery and Paramount Skydance. Signatories including Jane Fonda, Joaquin Phoenix and Mark Ruffalo warn the deal would reduce competition, cut jobs and limit creative opportunities. They argue that combining Paramount+ and HBO Max under a single platform risks higher costs for viewers and a narrower range of content. Analysts point out that past media consolidations have already suppressed film output and diversity of storytelling. Regulators in the US and Europe—including the California Attorney General—are reviewing the transaction amid growing antitrust concerns. The debate comes as Hollywood continues to navigate shifting streaming dynamics and recover from recent labor disputes.

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