Skydance was founded by son of Oracle's Larry Ellison.
Oracle is reportedly in discussions with Skydance Media for a cloud computing and software deal worth up to $100 million per year following Skydance's acquisition of Paramount Global.
Skydance Media was founded by Oracle founder and CTO Larry Ellison's son, David Ellison.
As reported by Bloomberg, Skydance is already a customer of Oracle, using Big Red's software and spending around $2.2m on cloud infrastructure and platform products in FY2024.
With the media company now in the process of acquiring Paramount Global for around $8 billion - and bankrolled by Larry Ellison - a cloud and software contract with the resulting company is estimated to be in the region of $100m per year.
The acquisition still needs to be approved by the Federal Communications Commission. Earlier this month, Paramount reached a $16m settlement with US President Donald Trump over an interview on current affairs show 60 Minutes, despite being widely expected to win the lawsuit.
Bloomberg, citing people familiar with the plans, said the cloud deal could help Paramount save hundreds of millions of dollars as it updates its services, and that Paramount-owned CBS and MTV networks would host their video and audio files on Oracle Cloud servers.
Skydance declined to comment to Bloomberg, while Paramount and Oracle didn’t respond to requests for comment.
While the contract with Paramount/Skydance would be a major contract for Oracle, it pales in comparison to the recently announced $30bn-a-year contract with OpenAI. In June 2025, Oracle also announced a "gigantic contract" from Chinese ecommerce company Temu, the exact value of which was not shared. Oracle also counts TikTok as one of its largest cloud customers.
