With shareholder activist Carl Icahn likely poised to launch a proxy fight, Hollywood studio Lions Gate Entertainment ( LGF ) may be making overtures to its largest shareholder in a bid to block Icahn's advances. In a press release issued on Mar. 18, MHR Fund Management, which holds 19.9% of Lions Gate's shares, says that in "recent days" it has held "preliminary" talks with the studio about the possibility of adding an MHR nominee to its board. While no decision appears to have been made, MHR says it may continue discussions in the future.