Paramount threatens proxy fight in battle for Warner Bros Discovery
Ellison-led group says it will nominate directors to counter Netflix deal for fabled studio
Ellison-led group says it will nominate directors to counter Netflix deal for fabled studio

Ellison-backed studio plans to nominate Pentwater Capital Management as part of rival board list

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest

Streaming group is competing with Paramount over prized studio assets

Paramount chief executive met investors in New York to push his hostile bid for the Hollywood studio group

Warner’s recommendation to reject Ellison offer adds twist to takeover saga that could reshape Hollywood

Streaming service could convert terms for celebrated studio as Ellison-led rival appeals directly to shareholders