Elon Musk reportedly invests $1bn in David Ellison’s Skydance
Elon Musk is said to have committed about $1 billion to Skydance, the media company founded by David Ellison. The funding arrives as the industry reshapes following Paramount’s $111 billion merger with Warner Bros. Discovery. Musk’s stake could support Skydance’s expansion into film, television and streaming, though details of the deal remain limited. The Guardian reported the move, noting Musk’s growing interest in entertainment ventures.