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...
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...
- 2/11/2020
- by Trey Williams
- The Wrap
Partners aim to create universally appealing stories, strengthen presence across Asia-Pacific region.
Hot off Parasite’s historic Oscar wins, Skydance Media has announced a $275m strategic investment by RedBird Capital Partners and Cj Entertainment and Merchandising (Cj Enm), the studio behind the South Korean phenomenon.
Sources said the investment set Skydance valuation at $2.3bn.
The backing of RedBird, Cj Enm and its production subsidiary Studio Dragon is designed to help David Ellison’s company expand its global footprint in film, television, animation and interactive platforms. Skydance’s current investor base including the Ellison family and Tencent Holdings Ltd also participated in the investment round.
Hot off Parasite’s historic Oscar wins, Skydance Media has announced a $275m strategic investment by RedBird Capital Partners and Cj Entertainment and Merchandising (Cj Enm), the studio behind the South Korean phenomenon.
Sources said the investment set Skydance valuation at $2.3bn.
The backing of RedBird, Cj Enm and its production subsidiary Studio Dragon is designed to help David Ellison’s company expand its global footprint in film, television, animation and interactive platforms. Skydance’s current investor base including the Ellison family and Tencent Holdings Ltd also participated in the investment round.
- 2/11/2020
- by 36¦Jeremy Kay¦54¦
- ScreenDaily
Skydance Gets $275M Infusion From RedBird Capital & ‘Parasite’ Studio Cj, Raising Valuation To $2.3B
David Ellison’s Skydance Media has received a $275 million strategic investment from RedBird Capital Partners and Cj Entertainment and Merchandising (Cj Enm), the studio behind the 4x Oscar-winning Parasite. All in, this takes Skydance Media’s value to $2.3 billion.
Skydance’s current investor base, including the Ellison family and Tencent Holdings Ltd., also participated in the investment round.
The equity investment solidifies a strategic partnership with RedBird Capital and Cj Enm to further support Skydance’s substantial growth trajectory. RedBird Capital, founded by former Goldman Sachs Partner Gerald Cardinale, led the investment round and brings to Skydance its expertise in scaling owner-operated companies with a focus on growing value over time.
In this new partnership with Cj Enm and Studio Dragon, Skydance will collaborate with both studios’ on the project level, tapping into their vast libraries which appeal to a worldwide audience. In addition the team-up with Cj Enm, strengthens...
Skydance’s current investor base, including the Ellison family and Tencent Holdings Ltd., also participated in the investment round.
The equity investment solidifies a strategic partnership with RedBird Capital and Cj Enm to further support Skydance’s substantial growth trajectory. RedBird Capital, founded by former Goldman Sachs Partner Gerald Cardinale, led the investment round and brings to Skydance its expertise in scaling owner-operated companies with a focus on growing value over time.
In this new partnership with Cj Enm and Studio Dragon, Skydance will collaborate with both studios’ on the project level, tapping into their vast libraries which appeal to a worldwide audience. In addition the team-up with Cj Enm, strengthens...
- 2/11/2020
- by Anthony D'Alessandro
- Deadline Film + TV
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