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David Ellison Raises $350 Million to Co-Fund Movies With Paramount

LA Times:
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.

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