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Paramount Sues Warner for Netflix Deal Details

Paramount escalates its pursuit of Warner Bros. Discovery, filing a lawsuit in Delaware to uncover crucial financial details about Warners Netflix deal. Paramounts CEO, David Ellison, argues his thirty-dollar-per-share offer surpasses Warners eighty-three billion dollar agreement with Netflix. Ellison accuses Warners board of omitting vital information and favoring Netflix, prompting Paramount to nominate its own directors and propose bylaw changes. The streaming war intensifies as Paramount prepares for proxy fights and shareholder votes, aiming to reshape Hollywoods major players while seeking constructive dialogue.

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