#skydance-media

#skydance-media

David Ellison's ascent to the summit of Hollywood power traces an unconventional flight path. At 13, the Oracle founder's son received an extraordinary gift from his father: his own airplane. By 17, he was performing aerial acrobatics in professional airshows. Two decades later, he has traded the cockpit for the boardroom, steering his company through a $8 billion merger that placed him atop Paramount, with hopes of adding Warner Bros. to his trophy case.

Ellison has been an ongoing ally of the president, raising millions for his campaign and advising him during the COVID-19 pandemic. And now, he's poised to play a critical role in President Donald Trump's executive order for TikTok's U.S. operations. The U.S. branch of TikTok is valued at approximately $14 billion. Oracle, along with private equity group Silver Lake and Abu Dhabi's MGX will control around 45%.

Trump claimed on Truth Social that the settlement has been paid and he anticipates receiving an additional $20 million from new owners of Paramount.