Why ‘Parasite’ Studio CJ Entertainment Is Betting Big on Skydance

Miky Lee’s South Korean studio, along with Redbird Capital Partners, invested $275 million in David Ellison’s Skydance

On the heels of its historic and celebrated multi-win night at the 92nd Academy Awards, the South Korean powerhouse studio behind “Parasite” is looking to parlay its best picture win into a bigger spotlight in Hollywood.

CJ Entertainment and Merchandising, headed by Miky Lee, along with RedBird Capital Partners, this week announced an investment of $275 million in Skydance Media, the film and TV production vehicle founded by David Ellison.

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Trey Williams

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams