David Ellison's media company Skydance has completed a $400 million investment round, led by global firm KKR and the Ellison family. Previous investors RedBird Capital and Tencent have also upped their contributions, bringing the total valuation of the producer behind "Top Gun: Maverick" to over $4 billion. The Ellison family remains the majority stakeholder in the venture. “Skydance has already created a diverse collection of premium content across multiple formats, and we are only in the early stages of what...
Ellison produced “Top Gun: Maverick” as part of Skydance’s lengthy partnership with Paramount that also includes the “Mission: Impossible” franchise. The long-delayed tentpole earned $1.5 billion worldwide and rose to No. 5 on the list of all-time highest domestic grossers, while a $400 million investment round in October pushed the company past a $4 billion valuation. Ellison locked down a first-look deal with Apple Original Films in early 2022 that reportedly guarantees two fully financed films annually with budgets of up to $125 million, beginning with the September release of Peter Farrelly’s “The World’s Greatest Beer Run.” He had a hit in big-budget Ryan Reynolds actioner “The Adam Project” (Netflix), which garnered 233 million views in its first four weeks and established a partnership between the company’s Skydance Sports division and Tom Brady’s prodco Religion of Sports.