Strategic partner CJ Entertainment and Merchandising and existing backer Tencent invested in a round that reportedly valued the entertainment studio at $2.3bn.
Diversified US-based entertainment producer Skydance Media received $275m in funding yesterday from investors including entertainment studio CJ Entertainment and Merchandising and internet group Tencent.
Investment firm RedBird Capital Partners led the round while the Ellison family, which contains Skydance founder and chief executive David Ellison and his sister Megan, the founder and CEO of film producer Annapurna Pictures, also participated. It valued Skydance at $2.3bn according to Deadline.
Founded in 2010, Skydance produces film and television, with its motion picture…
