RedBird Capital partners with 'Parasite' studio on $275M deal
February 13, 2020
RedBird Capital Partners has teamed with South Korea's CJ Entertainment and Merchandising and Tencent to make a $275 million investment in Skydance Media, a film studio and entertainment company based in California. The deal values Skydance, which is behind the Mission Impossible and Terminator franchises, at $2.3 billion. CJ Entertainment is the parent company of the unit that produced "Parasite," which was named Best Picture at Sunday's Academy Awards.