Alan Cumming Calls on UK Entertainment Industry to Push Back Against Paramount-Warner Bros. Deal
Alan Cumming signs copies of his new book Not My Father s Son at the Free Library in Philadelphia, Pennsylvania - 17 November 2014 FAM53049 Copyright: x FAMOUSx aamns066
Alan Cumming signs copies of his new book Not My Father s Son at the Free Library in Philadelphia, Pennsylvania - 17 November 2014 FAM53049 Copyright: x FAMOUSx aamns066
If one Hollywood story rivaled the nonstop conversation around Christopher Nolan's The Odyssey over the past year, it was Paramount's $110 billion acquisition of Warner Bros. Discovery. The corporate saga had everything. Netflix lost the bidding war while David Ellison and Skydance Media emerged victorious. Now, Paramount+, HBO Max, and two legendary studios are headed under one roof.
Many of Hollywood's biggest names have publicly opposed the merger, and Alan Cumming has now become the latest to join that growing list.
Alan Cumming's wants Paramount-Warner Bros. Discovery merger to be blocked
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In an exclusive video shared with Deadline, Alan Cumming has stepped into Hollywood's most expensive corporate drama yet. The The Traitors host joined the Block the Merger UK coalition to urge Britons to pressure the Department for Culture, Media and Sport and Ofcom into taking a harder look at Paramount's proposed $110 billion acquisition of Warner Bros. Discovery.
"If this merger goes through one country would control a massive slice of what we watch in Britain," Cumming warned, arguing that everything from the FA Cup and the Olympics to CNN and Channel 5 News could ultimately answer to a single American media giant. He also cautioned that the deal could bring widespread job losses, fewer films, and higher prices for audiences.
via Imago
Credits: IMAGO / APress
Cumming's intervention that came through Deadline arrives at an especially inconvenient moment for Paramount. Aside from the fact that it is under legal trouble, the studio is racing to complete the takeover before the end of September, when its ticking-fee agreement with Warner Bros. Discovery shareholders adds another 25 cents per share, or roughly $650 million, for every quarter the deal remains unfinished beyond the third quarter. His latest broadside only adds another hurdle to an already scrutinized merger.
Through his clear opinion on the merger, Alan Cumming has joined the long list of Hollywood names the merger has upset.
The stars against the Paramount-Warner Bros. Discovery merger
Alan Cumming has arrived at a protest that already boasts an enviable guest list. Joaquin Phoenix fears independent cinema will be squeezed into extinction, Kristen Stewart sees artistic freedom shrinking, Ben Stiller predicts diminishing leverage for creative workers, and Sofia Coppola believes oversized corporations rarely produce oversized imagination.
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October 28, 2019, Hollywood, CA, USA: Florence Pugh stars in the movie Little Women Hollywood USA - ZUMAg203 20191028_zap_g203_033
October 28, 2019, Hollywood, CA, USA: Florence Pugh stars in the movie Little Women Hollywood USA - ZUMAg203 20191028_zap_g203_033
Pedro Pascal and Florence Pugh have warned that concentrated ownership leaves audiences with fewer stories worth telling, while Robert De Niro and Holly Hunter have urged regulators to intervene before the papers are signed. Alan Cumming has now added his voice, making Paramount's corporate odyssey just a little noisier before the curtain falls.
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Do you agree with Alan Cumming's thoughts on the merger? Let us know in the comments!
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Edited By: Adiba Nizami
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