EXCLUSIVE: Michelle Monaghan is set to co-star opposite Mark Wahlberg in Apple Original Films and Skydance Media’s action comedy The Family Plan. Simon Cellan Jones, who recently collaborated with Wahlberg on Arthur the King, will direct.
13.10.2022 - 23:36 / variety.com
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.
Ellison specifically highlighted Skydance’s sports and interactive divisions as prime beneficiaries from the new investment. Earlier this year, Skydance Sports launched as a “multi-platform storytelling content studio around sports,” Ellison told Variety on Thursday. The first project set up at the unit is Matt Damon and Ben Affleck’s film about Sonny Vaccaro, the shoe executive who tirelessly pursued Michael Jordan for an endorsement, which Amazon Studios will distribute. On the interactive front, Skydance has two teams including virtual reality (which counts the top-selling title “The Walking Dead: Saints and Sinners”) and video games. “Their track record of how they can foster and grow businesses across platforms is pretty singular. We’re proud to be a part of that family,” Ellison said of KRR. “They also have incredible portfolio
EXCLUSIVE: Michelle Monaghan is set to co-star opposite Mark Wahlberg in Apple Original Films and Skydance Media’s action comedy The Family Plan. Simon Cellan Jones, who recently collaborated with Wahlberg on Arthur the King, will direct.
David Ellison’s Skydance has secured a $400 million investment to expand its operations, particularly its animation, sports and interactive ambitions, pushing the company’s valuation above $4 billion. The investment came from investment firm KKR and joined by the Ellison Family (who remain the company’s majority shareholders), as well as other existing backers supporting the “Top Gun: Maverick” studio.
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.
EXCLUSIVE: In what is turning into one of the more hotter projects in town, Skydance’s The Gorge starring Miles Teller, looks to have found its distributor and Teller’s co-star. Sources tell Deadline, Apple Original Films have come on to the pic with SAG Award-winner Anya Taylor-Joy set to star alongside Miles Teller in the genre-bending love story. Scott Derrickson is on board to direct with Zach Dean penning the script, which he sold on spec to Skydance last year. In addition to starring, Teller will serve as executive producer on the film.
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