David Ellison is ratcheting up his push for Warner Bros. Discovery. Today his company Paramount Skydance is suing WBD and its CEO, David Zaslav, after the company’s board rejected Paramount’s latest bid in favor of Netflix’s — the latest chapter in a saga that’s rattled the industry. Paramount wants the whole company, while Netflix’s bid would buy its streaming and studios units, leaving its linear networks to be spun off. That difference is part of what’s driving Paramount’s lawsuit. As part of this escalation, Paramount is also nominating a slate of directors to be elected to WBD’s board at its next annual shareholder meeting who will engage on Paramount’s offer. Read the full update: