![]() A company statement notes, “Skydance’s content has also consistently overperformed on multiple streamers including chart-topping results on Amazon, Apple and Netflix, as well as video game releases on interactive platforms.” ![]() The Company’ successful entertainment franchises include the recent record-setting release of Top Gun: Maverick. 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.”Īccording to the company, Skydance’s cross-platform approach to IP creation, ownership and distribution, combined with deep relationships with content, talent and technology partners have bolstered the Company’s scalability and earnings potential across its industry leading divisions. Having KKR in our corner as thought partners and engaged collaborators will help us to execute on the many opportunities we see in front of us. Skydance Media’s CEO, David Ellison, said, “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’s growth. The company signaled it's serious animated feature film production plans with the 2020 purchase of Ilion Animation Studios, the Spanish studio where most of its productions were underway. This past February, the company announced its biggest animation production to date, Oscar-winning Ratatouille and Incredibles director Brad Bird’s Ray Gunn. It’s next film, Spellbound, directed by Vicky Jenson ( Shrek), also being produced with Apple Original Films, is currently in production. Skydance Animation released its first animated feature film, the Peggy Holmes directed Luck, earlier this year on Apple TV+. The capital raise and access to the expertise and global network of KKR will also help accelerate Skydance’s growth initiatives in sports and interactive entertainment, as well as the continued scaling of existing verticals such as animation. The addition of KKR as a new strategic investor further solidifies Skydance’s position as a leading independent global media company. Existing investors RedBird Capital Partners and Tencent also participated in the fundraise, which values Skydance at over $4 billion. Skydance Media has completed a $400 million strategic investment round led by KKR and The Ellison family, who remain the Company’s majority shareholders. ![]()
0 Comments
Leave a Reply. |