David Ellison raises $350 million to co-finance movies with Paramount

In an era when outside movie capital is tough to come by, David Ellison, the 27-year-old son of Oracle founder and Chief Executive Larry Ellison, has raised $350 million to co-finance movies with his studio partner Paramount Pictures.

The funds -- $150 million in equity and a four-year, $200-million revolving credit facility led by JPMorgan Chase -- will enable Ellison to step up production at his movie label Skydance Productions.

Ellison's father, ranked by Forbes magazine as the sixth richest person in the world with an estimated net worth of $28 billion, provided an undisclosed portion of the equity, according to people with knowledge of the deal. The remainder came from multiple investors.

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Film Business, Hollywood


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