Oracle is in talks with Skydance Media for a cloud software deal worth about US$100 million annually, following Skydance’s acquisition of Paramount Global.

The deal would allow Paramount and its subsidiaries to use Oracle’s cloud software.

Skydance, founded by David Ellison, already spent US$2.2 million on Oracle cloud services as of May 2024.

Larry Ellison, Oracle Chairman and David’s father, is also financially backing the US$8 billion acquisition.

The merger is pending FCC approval. David Ellison recently met with FCC Chairman Brendan Carr to discuss it. If the deal is finalized, the combined Skydance-Paramount could become a major Oracle cloud client.

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