PSKY-WBD Merger Has A New Set of Critics: Marvel Stars Benedict Cumberbatch And Wong Warn ‘We Have Seen This Before’
Article excerpt
Benedict Cumberbatch, Benedict Wong and Alan Cumming urged UK regulators to review the merger, warning it could harm creators.They said the merger threatens Britain’s creative industry, which supports over 180,000 jobs and billions in economic activity. The actors also warned that past media mergers led to job cuts and fewer productions. Paramount Skydance Corp. (PSKY) and Warner Bros. Discovery’s (WBD) proposed $110 billion deal is drawing renewed scrutiny as Hollywood stars Benedict Cumberbatch, Benedict Wong and Alan Cumming call on U.K. regulators to block the merger, warning that the combination could put creative jobs at risk, weaken competition and narrow the range of stories reaching audiences. Actors Challenge Deal PSKY-WBD Deal The three Marvel superheroes of “Doctor Strange” and “Avengers” fame have called on the U.K. secretary of state and the Competition and Markets Authority to examine the merger through a public-interest lens, stating that a larger entertainment conglomerate could reduce opportunities for creators and limit the variety of content available to audiences. “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 wrote in a joint op-ed in The Guardian on Monday.The actors highlighted the importance of Britain’s creative economy, which supports more than 180,000 jobs and...
Keep reading with a free account
The rest of this article, and every signal for Paramount, is in your free account.
Extracted from this sentence
Last week, Paramount said it is pausing its planned $110 billion purchase of Warner Bros. Discovery (WBD) until June 1, 2027, or until a court decides on an antitrust case challenging the deal after California Attorney General Rob Bonta and 12 other states challenged the deal, saying the merger could hurt competition in movies, cable television, and streaming services.
