Hollywood giants express – Many in the film industry believe that the Paramount–Warner Bros. merger will mean massive job losses and consolidation of power.

(Photo: AP) More than a thousand movie stars, writers, directors and other Hollywood professionals announced their “categorical opposition” to the proposed Paramount merger with Warner Bros. Discovery in an open letter published Monday. A large portion of the film industry, including Denis Villeneuve, Kristen Stewart, J.

J. Are included.

Abrams and Joaquin Phoenix came out strongly against the $111 billion deal that would consolidate two legacy studios into one, arguing that it would further reduce jobs and films in an already downsized Hollywood. “The result will be fewer opportunities for creators, fewer jobs in the production ecosystem, higher costs, and fewer options for audiences in the United States and around the world,” the letter posted on BlocktheMerger.

com reads. “Worryingly, this merger would reduce the number of major American film studios to just four.

“.