Skydance Media Scores $400 Million Investment From KKR

ByLA STARTUPS

In a move that is sure to excite movie buffs around the world, Skydance Media has announced that it has secured a $400 million investment from KKR. This new investment will help broaden Skydance’s entertainment ambitions and allow them to continue creating blockbusters like Top Gun: Maverick. The Ellison family, who owns Skydance, remains in control of the company. David Ellison, son of Oracle co-founder Larry Ellison and sibling of Annapurna Pictures founder Megan Ellison, founded Skydance in 2010.

Ellison’s goal for Skydance is to be globally recognized as a reputable content company. The sky’s the limit for what this influx of cash will mean for the Santa Monica-based organization and its 1,200 employees. With John Lasseter at the helm of their animation department and recent expansion into sports and interactive divisions (launched this January), there’s no telling what they’ll do next.

With this new infusion of cash, Ellison and his team are poised to take Skydance to new heights. So far, Skydance has been behind some of the biggest hits of the past decade, including Top Gun: Maverick, which has grossed $1.4 billion worldwide. With Ellison at the helm, there’s no telling what Skydance will achieve next.

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