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Paramount, Ellison’s Skydance Extend Movie Co-Financing Deal

Viacom Inc.’s Paramount Pictures and Skydance Productions, partners on films including “Star Trek Into Darkness,” extended their film co-financing and production agreement through 2018.

Skydance, founded by David Ellison, son of Oracle Corp. co-founder Larry Ellison, will contribute $200 million to $250 million a year to co-finance and co-produce three to four major event films per year, according to a person with knowledge of the accord who sought anonymity because details aren’t public.