Skydance Lands $400 Million Investment, Pushing David Ellison’s Company Past $4 Billion Valuation
Matt Donnelly Senior Film Writer 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 they can accomplish. We look forward supporting the Skydance team as they continue to build their business across TV, film, animation, gaming and sports and tell compelling stories in new and innovative ways,” said KKR parter Ted Oberwager, who leads the gaming, entertainment, media and sports verticals within KKR’s Americas Private Equity business.