Sign up for The Week’s free daily newsletter, Today’s Best Articles
Join 350,000+ subscribers and keep yourself informed with a selection of
The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
An account already exists for this email address, please log in.
The actors fighting the Paramount-Warner Bros merger
Hollywood stars on both sides of the Atlantic unite to warn of media consolidation and harm to public interest
Three British superhero actors have spoken out against the proposed merger of Paramount Skydance and Warner Bros. Discovery and urged the culture secretary to block the deal.
Benedict Cumberbatch and Benedict Wong, both of whom appear in Marvel’s Doctor Strange films, and Alan Cumming, who played Nightcrawler in the X-Men series, have written in The Guardian warning the Paramount-Warner Bros. tie-up “threatens to inflict immense harm on the British public”.
The $110 billion (£83 billion) deal is being led by Paramount CEO David Ellison, the son of Larry Ellison, the Oracle founder and close ally of Donald Trump. It would create one of the world’s most powerful media empires, bringing together HBO, CNN, TNT Sports, Channel 5, Paramount+, as well as the DC Universe, Harry Potter, “Game of Thrones” and “The Lord of the Rings” franchises.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Among a host of issues, Cumberbatch, Cumming and Wong cite concerns over the livelihoods of British film and TV crews, independent film financing, and the consolidation of news publicatins. “The UK is being threatened by a media merger that would harm our workers, our culture and the public – but we can stop it,” they say.
Culture Secretary Lisa Nandy has said she is “minded to intervene” in the deal on public interest grounds. “I am conscious that the proposed acquisition is global in nature. In reaching this decision, my focus has been, and will remain, on the UK public interest and the range of services available to UK audiences,” she said in a letter to the current and proposed owners of Warner Bros. Discovery.
While Paramount has said it remains “confident that our proposed transaction does not pose any media plurality issues”, were the UK government to issue a public interest intervention notice it would trigger further scrutiny from media regulator Ofcom and the Competition and Markets Authority.
Depending on her decision, Nandy “could end up upsetting or possibly ingratiating virtually all the major US studios, streamers and tech giants”, not to mention the Trump administration, which is strongly backing the deal, said Deadline. This makes her “one of the most consequential culture secretaries in recent memory… in America that is.”
Sign up for The Week’s free daily newsletter, Today’s Best Articles
Join 350,000+ subscribers and keep yourself informed with a selection of
The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
‘Bad for everyone’ except billionaires
The call for the British government to intervene comes after 12 American states, led by California, sued to try to block the merger, warning it would raise prices, shrink the number of films made and fall foul of strict anti-trust laws.
Last week a US district judge temporarily paused the merger to consider the lawsuit. This prompted Paramount to agree not to close the deal until June 2027 or five days after the court issues a ruling on the case, whichever is earlier.
For Paramount, the delay “may prove costly”, said The Hollywood Reporter. The merger agreement says Warner’s shareholders are owed roughly $650 million per quarter, or $6.9 million per day, if the deal is not completed by 30 September.
More than 1,000 leading industry professionals from US film and TV signed an open letter in April warning of the impact of “media consolidation” that prioritises “the interests of a small group of powerful stakeholders over the broader public good”.
Mark Ruffalo, one of the actors leading the campaign against the merger, said it “will mean less films, less TV, less creativity, less of everything from the people who make the decisions. This merger is bad for everyone except the billionaire class.”
