CJ ENM and RedBird Capital’s $275 Million Investment in Skydance Media

Goldman Sachs & Co. LLC acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Skydance. The Raine Group acted as financial advisor and Paul Hastings LLP acted as legal advisor to CJ ENM.

Skydance Media, the fully diversified global media company founded by David Ellison in 2010, today announced a $275 million strategic investment by RedBird Capital Partners and CJ Entertainment and Merchandising (CJ ENM).

Partnering with RedBird and CJ ENM (and its production subsidiary Studio Dragon) will serve to further expand the Company’s global reach across its film, television, animation and interactive platforms. Skydance’s current investor base, including the Ellison family and Tencent Holdings Ltd., also participated in the investment round.

Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. The Company brings to life stories with immersive worlds across its feature film, television, interactive and animation divisions

CJ ENM is Asia’s leading entertainment and merchandising company headquartered in Seoul, Korea. Its entertainment division engages in a wide array of businesses across the industry spectrum including media content, music, film, performing arts, and animation, providing its top-notch original content to various media platforms.

RedBird Capital Partners is a principal investment firm which provides flexible, long-term capital to help entrepreneurs grow their businesses.

The Paul Hastings team was led by corporate partners Daniel Kim (Picture) and Stephen Saltzman, and associates Stuart Downey, Albert Nah and Tashiana Hudson, from its Century City, London and Seoul offices.

Involved fees earner: Stuart Downey – Paul Hastings; Tashiana Hudson – Paul Hastings; Daniel Kim – Paul Hastings; Albert Nah – Paul Hastings; Stephen Saltzman – Paul Hastings;

Law Firms: Paul Hastings;

Clients: CJ E&M;

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Author: Michael Patrini