Skydance Media: Last News

Skydance Media said today it’s completed a $400 million strategic investment round led by KKR, a first-time investor, and joined by the Ellison family, who remain majority shareholders. Existing investors RedBird Capital Partners and Tencent also participated in the fundraise, which values Skydance at over $4 billion.

Todd Spangler NY Digital Editor Is Skydance Media the forward-looking entity that Paramount Global needs right now to save the company? Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in Skydance buying out Shari Redstone’s National Amusements Inc. and then merging with Paramount — to form what the Skydance team for now is calling “New Paramount.” About $6 billion of the money to fund the deal is coming from the family of Oracle founder Larry Ellison (David’s father), with about $2 billion from Gerry Cardinale’s RedBird Capital Partners private-equity investment firm.

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount.

Netflix has shared a first look at its Ryan Reynolds-starring sci-fi adventure film, The Adam Project – check it out below.Reynolds stars as a man travelling back in time to seek help from his 13-year-old self (played by newcomer Walker Scobell), and together the pair go out in search of their late father.Mark Ruffalo also appears in the cast of The Adam Project opposite Zoe Saldana, Jennifer Garner and Catherine Keener.Ruffalo will be playing Reynolds’ character’s father, who is a physicist, while Keener will play the film’s villain who steals technology from Ruffalo’s character.The Adam Project is set to be directed by Shawn Levy, who worked with Reynolds on Free Guy, which NME called “a riotous video game romp” in a four-star review.The Netflix film is also set to be produced via Skydance Media, who also released The Old Guard on Netflix in 2021.Check out the preview clip below:In a recent interview, Reynolds likened The Adam Project to classic sci-fi movies E.T. and Back To The Future.He told Variety: “It felt like one of those big wish fulfilment movies with huge stakes and high concept, but it was really about something very personal as well, which is sort of what I loved about movies in the ’80s – what I loved about E.T.