Skydance Media Completes $400 Million Funding Round Led By New Investor KKR, Values Company At Over $4 Billion
deadline.comSkydance 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.
Adding KKR helps solidify the company’s position and will accelerate its ongoing growth in sports and interactive entertainment as well as continued scaling of existing verticals like animation. “The investment from KKR creates a powerful strategic partnership with a firm at the forefront of the evolution of technology and interactive entertainment, all of which are key propellers in the next phase of Skydance growth,” said CEO David Ellison. “We are incredibly grateful for the ongoing support of our long-term strategic investors – RedBird, who has championed our sports strategy, as well as Tencent and CJ ENM, who have each helped to drive our global growth and diversification,” he added.
Skydance is focused on a cross-platform approach to IP creation, ownership and distribution combined with deep relationships with content, talent and tech partners to bolstered scalability and earnings potential.
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