Jane Fonda is speaking out against Netflix ‘s earthshaking move to acquire Warner Bros. Discovery, calling the $82.7 billion deal a “catastrophic” development that threatens to “destroy our creative industry.”

Fonda released her statement against the acquisition on Instagram through her Committee for the 1st Amendment organization. She wrote on Friday, “Today’s News that Warner Bros. Discovery has accepted a purchase bid is an alarming escalation of the consolidation that threatens the entire entertainment industry, the democratic public it serves and the First Amendment.”

She continued, “Make no mistake, this is not just a catastrophic business deal that could destroy our creative industry. It is a constitutional crisis exacerbated by the administration’s demonstrated disregard

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