David Ellison’s film company Skydance Productions has raised $350 million in financing. Ellison is the son of Oracle founder and billionaire investor Larry Ellison.
The funding will be used to produce several big-ticket features with the company’s partner Paramount Pictures, including “Mission: Impossible 4,” the Coen Brothers’ “True Grit” remake and the next installment in the Jack Ryan franchise. The funds will also be used on some smalled budget films such as an untitled Charlize Theron comedy and the comic book film “Hyde.”
Based in Santa Monica, Skydance was founded four years ago.
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