Ancora Holding, recognized among American investors, has amassed around $200 million worth of shares in Warner Bros. Discovery (WBD), which owns entities such as TVN. The firm seeks to urge other shareholders to dismiss Netflix's takeover offer and to consider a proposal from Paramount Skydance, as reported by various English-language media including "The Wall Street Journal" and Reuters. The exact sources of this information have not been revealed by the journalists. Ancora Holding is expected to declare its presence in the WBD shareholder structure on Wednesday.

Paramount Skydance, led by David Ellison, the son of Oracle's founder, has previously indicated their intent to issue a similar appeal to WBD shareholders in the upcoming general meeting, the date of which has not yet been made public but is anticipated to occur next month. This situation portrays a brewing conflict for control over Warner Bros. Discovery, indicating the stakes involved from multiple sides as they vie for shareholder approval.

As the struggle intensifies, Paramount has promised Western Europe that HBO will not be closed and that it will continue to support creators and viewers alike. This assurance is aimed at winning over stakeholders during a critical period for WBD amid changing dynamics in the media landscape.