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.
Paramount Pictures CEO Brian Robbins reveals the studio will pivot from releasing original animated movies in theaters in favor of established IPs.
Babylon is an upcoming period comedy starring Brad Pitt, Margot Robbie, and Tobey Maguire. Read more to find out.
Late yesterday, Paramount Pictures dropped the debut trailer for its upcoming psychological horror pic, Smile. Check it out inside!
