In a move straight out of a Hollywood thriller, David Ellison has ignited what could become the most explosive proxy war the entertainment industry has ever seen. From a basement war room beneath the UBS building in Manhattan, Ellison is orchestrating a high-stakes bid to pry Warner Bros. Discovery (WBD) out of Netflix’s hands — and the battle is already drawing blood.
Backed by Oracle founder and mega-billionaire Larry Ellison, the Paramount CEO is pitching a bold transformation of the legacy studio, and Wall Street is listening. Meetings with finance giants, threats of proxy fights, and lawsuits are all part of the arsenal. The target? WBD, which recently inked a deal to sell itself to Netflix — a move that sent shockwaves through Hollywood.
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