Skydance Lands $275 Million Investment From ‘Parasite’ Studio Cj Enm, RedBird Capital

  • The Wrap
Skydance Lands $275 Million Investment From ‘Parasite’ Studio Cj Enm, RedBird Capital
David Ellison’s Skydance Media has landed a $275 million investment from RedBird Capital Parters and the company behind Oscar-winning film Parasite, Cj Entertainment and Merchandising.

The investment and partnership is expected to help expand the “Mission: Impossible — Fallout” and “Top Gun: Maverick” studio’s global reach across its film, TV, animation and interactive platforms. Skydance’s current investor base, including the Ellison family and Tencent Holdings Ltd., also participated in the investment round.

Ellison founded the production studio in 2010 with the mission to produce event-level entertainment for global audiences. Ellison’s sister Megan Ellison founded and runs indie studio Annapurna Pictures.

“We are honored to partner with RedBird Capital and Cj Enm. These are sophisticated strategic partners who believe in our creative vision and our ambitious strategy to build the studio of the future,” Ellison said in a statement “Their partnership will help propel us to another decade of exponential
See full article at The Wrap »

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