Skydance is owned by David Ellison, who is the founder, owner, chairman, and CEO of Skydance Media. David Ellison is the son of Larry Ellison, co-founder and former CEO of Oracle Corporation. Larry Ellison has significantly backed Skydance financially, contributing a major portion of the funds for Skydance's acquisition of Paramount Global. In August 2025, Skydance Media merged with Paramount Global and National Amusements to form Paramount Skydance Corporation, with David Ellison leading the combined entity. Thus, the ownership of Skydance is ultimately linked to David Ellison and, through his family and financial backing, Larry Ellison holds a substantial controlling interest.