Smash Notes

Why Can David Ellison Pursue a Media Rollup When the Money Is Larry Ellison's?

David Ellison wanted to combine traditional media companies and scale them to compete with Netflix, Amazon, or YouTube. David Ellison had the money to try because of his father. Redbird is involved and the deal uses a huge amount of debt, but the money is Larry's.

The piece suggests Larry Ellison did not spend much time raising his first two children and tried to make up for it by bankrolling them in Hollywood. Annapurna Studios made well-respected movies and was a financial disaster. Larry Ellison is now doing the same bankrolling for David Ellison. Larry Ellison is not a media person, and Larry Ellison has conflicted feelings about how involved he was with his children.

Recode Media · Larry Ellison’s Media Ambitions & Kevin Roose on AI’s Biggest Gamble · at 10:00 · ·Transcript

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