Megan Ellison

Ellison was born in Santa Clara County, California, the daughter of billionaire Oracle Corporation chairman Larry Ellison and his ex-wife, Barbara Boothe Ellison. Her father is of Jewish and Italian descent.[3] She has a brother, film producer David Ellison.[4] Ellison graduated from Sacred Heart Preparatory in 2004[5] and attended film school at the University of Southern California for one year.[6]

Ellison landed her first film credit in 2005 as a boom operator for the short film When All Else Fails, a thriller written and directed by her brother David Ellison. Ellison then began to finance low-budget movies such as Waking Madison and Passion Play. The success of the Coen Brothers' True Grit in 2010, on which she worked as an executive producer, brought her attention and credibility and launched her career as a producer.

Ellison started out in the film business in 2006 when she contacted Katherine Brooks, the writer and director of Loving Annabelle, about investing in the filmmaker's next movie. The duo made plans for Waking Madison, starring Elisabeth Shue, which told the story of a woman who tries to cure her multiple personality disorder by locking herself in a room without food for 30 days. Ellison financed the film that was reported to have a budget of $2 million. Principal photography took place in 2007. It screened at the Newport Beach Film Festival in 2011 and went straight to DVD in July of that year.[7]

Ellison provided some financing for more movies in 2008 and 2009. The first was Main Street starring Colin Firth. It received little attention at film festivals and failed to gain general release. Passion Play, also made in 2009, got a release but fared poorly at the box office despite a well-known cast of popular actors. However, her investment in the Coen brothers western remake True Grit paid off as that movie found major commercial and critical success when released at the end of 2010.[7]

After that, Ellison received access to much larger sums of money from her father for the production of more movies and partnered with Michael Benaroya to produce and cofinance the thriller Catch .44 starring Bruce Willis and Forest Whitaker, and John Hillcoat's Prohibition-era crime drama, Lawless. Around that same time, she began to collaborate with the Creative Artists Agency's film finance group headed by Roeg Sutherland and Micah Green.[7]

She has since founded Annapurna Pictures, a company that plans to take a so-called "Silicon Valley" approach to filmmaking by investing in original, daring movies made by prestigious directors and screenwriters. Believing that risk-averse Hollywood studios have largely abandoned sophisticated dramas, period pieces, and auteur cinema, Annapurna Productions has released Paul Thomas Anderson's The Master, a period drama about a cult that resembles Scientology, starring Joaquin Phoenix and Philip Seymour Hoffman, and Zero Dark Thirty, an action-thriller about the killing of Osama bin Laden from writer Mark Boal and director Kathryn Bigelow, who made the Oscar-winning movie, The Hurt Locker.[7]

In 2011 and 2012, it was reported that Ellison was working with Boal on developing a movie about WikiLeaks founder Julian Assange based on a New York Times Magazine article called "The Boy Who Kicked the Hornet's Nest" by former New York Times executive editor Bill Keller.[8] Amid fierce competition in 2012 among movie studios to produce an Assange biopic,[9] Ellison and Annapurna eventually did not produce the movie, but DreamWorks released The Fifth Estate in 2013.[10]

In 2011, Ellison outbid Lionsgate for the rights to the Terminator franchise.[11] In January 2014, Ellison removed Annapurna Productions from the reboot of the Terminator franchise.[12]

In 2014, Ellison became the first woman and the fourth person to receive two Academy Award nominations for Best Picture in the same year, which she received for her work on Her and American Hustle.[13] In June 2014, Ellison optioned the screen rights for the memoir A House in the Sky, which tells the story of Amanda Lindhout and her capture by Somali rebels in 2011.[14]

Also in 2014, Ellison was included as part of The Advocate's annual "40 Under 40" list.[15]

Ellison has a particular taste in directors. Ellison's approach to working with critically acclaimed directors is purely focused on ensuring that their creative vision is met, and providing them with all the relevant resources. [16] Ellison is criticized by the film industry for being too ambitious and excessive with her budgets on films. With a proposed budget of $35 million, Paul Thomas Anderson's film The Master was initially denied by Universal and was deemed "too risky and rich for their blood." [17] Indiewire says, "With the project adrift, Ellison's Annapurna Pictures stepped in and with distribution by The Weinstein Company, funded and helped bring The Master to the screen for $35 million (though some reports suggest that number is closer to $40 million)."[17] With The Master making $28 million worldwide[18], Ellison lost as much as $15 million on the project. Ellison is heavily involved with the production of the films she finances by being on the set and making sure everything goes as planned. Ellison was present for Zero Dark Thirty's production as it was brought to a halt because of sandstorms and had to abort a location due to an anti Pakistan riot in India.[6] Ellison's production style is holistically present and accommodating to directors' visions. Despite her wealth, Ellison does not approach film as an investment with high returns, but rather as an artistic medium pushing the boundaries of independent filmmaking.

Ellison is openly lesbian.[19] Ellison’s company is called Annapurna, after the Annapurna Circuit she hiked in Nepal in 2006.[20]

Annapurna Pictures, the media company founded by Ellison, was created in 2011. Since then it has produced highly acclaimed films like Spike Jonze's Her, Kathryn Bigelow's Zero Dark Thirty, and David O. Russell's American Hustle. Ellison's approach to filmmaking is regarded as one that follows Silicon Valley principles: investing large sums of money into prestigious teams that are attempting something risky. Many times, Annapurna chooses films so risky that other studios would never even consider them.[21] The studio has become well known as a production company for auteurs by differentiating itself as unfazed by the monetary problems that other independent studios face. Despite the prominent roster of directors that have taken Annapurna's backing, the business continues to face a variety of setbacks, predominately focused on cash flow. "These are good artsy movies that lose a ton of money", said an insider familiar with the company's balance sheets.[21] Annapurna suffered a mass exodus of key executives throughout the year of 2018 including its two-year president, Mark Weinstock. [22] Despite the financials and talent drain, Annapurna remains backed by Ellison's billionaire father, who not only funds the media company but has brought in the best financial advisors to advise Ellison.[23] Former colleagues, including directors and Annapurna executives, say of Ellison, "She could never do better than her father in terms of making money – it doesn't matter if she makes or loses money on these movies". [23]

Ellison is the first female producer to earn two different Academy Awards nominations for Best Picture in the same year. [16] In 2018, Ellison won the Woman in Motion Award at Cannes Music Festival. [24]

• Megan Ellison on IMDb