Film: Hollywood's youngest power-player

Megan Ellison is being hailed as the saviour of serious mainstream movies Adam Sherwin finds out why

Move over, Harvey Weinstein, there's a new movie mogul in town – and she boasts deeper pockets than the Oscar-laden king of independent film will ever have.

Megan Ellison, the 26-year-old daughter of the software billionaire Larry Ellison, is being hailed as the "saviour" of cinema after distributing her largesse over a series of films whose artistic ambitions far outweigh their box-office potential.

With the Wall Street money tap drying up for risky "indie" cinema, directors are hustling for an audience with Ellison, the motorcycle-riding film-school drop-out, who has shot to the top of Hollywood's "producers-to-watch" list by asking open-mouthed supplicants, "How much do you need?"

When Paul Thomas Anderson set out his vision for The Master, the director's allegory for the birth of Scientology, Ellison said, "I'll pay for it all," and wrote a cheque for $40m.

Her Annapurna Productions backed Kathryn Bigelow's Zero Dark Thirty, a dramatisation of the Navy Seal hunt for Osama bin Laden released in January, to the tune of $45m, boosting its original budget by $6m.

Ellison backed Brad Pitt's crime thriller Killing Them Softly, and has financed four films at a total cost of $100m this year.

David O Russell, whose perky romcom Silver Linings Playbook (released this week) is creating an Oscar buzz, is the latest director to persuade Ellison to back his vision. "She's gonna finance this next movie that we're gonna do with Christian Bale and Amy Adams and Jeremy Renner," he told US Esquire. "People are calling her [Ellison] a saviour."

Ellison did not work her way up from the post room. Father Larry, the chief executive of computer giant Oracle, is the third-richest man in the United States. Megan financed a few low-budget films after leaving the University of Southern California's film school but her prospects changed when she inherited $2bn on her 25th birthday.

She spent $20m building headquarters for her Annapurna company and began backing her own taste for determinedly high-minded films, Ellison's hands-on involvement extending to on-set discussions of camera lenses.

Softly spoken, and with an aversion to publicity, she has revealed her insecurities on Twitter: "The control freak in me really clashes with the social anxiety in me, which drives me to drink in social situations. It's a real lose, lose."

Described as the "Medici of the movies", critics argue Ellison's unlimited funds are skewing the market for independent cinema, lavishing money on loss-making films which could be made more cheaply, deterring harder-nosed investors from backing projects.

However, Ellison's sights extend beyond what might appear to be arthouse projects. Annapurna splurged a reported $20m for the rights to make a fifth "Terminator" film.

A recent tweet, quoting Ayn Rand, has placed the studio giants on notice that Ellison is ready to make the leap to blockbusters: "The question isn't who's going to let me. It's who's going to stop me."

Arts and Entertainment
Jude Law in Black Sea


In Black Seahe is as audiences have never seen him before

Arts and Entertainment
Johnny Depp no longer cares if people criticise his movie flops


Arts and Entertainment
Full circle: Wu-Tang’s Method Man Getty

Music review

Arts and Entertainment
When he was king: Muhammad Ali training in 'I Am Ali'
Arts and Entertainment
Joel Edgerton, John Turturro and Christian Bale in Exodus: Gods and Kings
film Ridley Scott reveals truth behind casting decisions of Exodus
Arts and Entertainment
Scare tactics: Michael Palin and Jodie Comer in ‘Remember Me’

TVReview: Remember Me, BBC1
Arts and Entertainment
Carrie Hope Fletcher
booksFirst video bloggers conquered YouTube. Now they want us to buy their books
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment

ebooksNow available in paperback
Arts and Entertainment

Arts and Entertainment
Damien Hirst
artCoalition's anti-culture policy and cuts in local authority spending to blame, says academic
Arts and Entertainment
A comedy show alumni who has gone on to be a big star, Jon Stewart
tvRival television sketch shows vie for influential alumni
Arts and Entertainment
Jason goes on a special mission for the queen
tvReview: Everyone loves a CGI Cyclops and the BBC's Saturday night charmer is getting epic
Arts and Entertainment
Image has been released by the BBC
Arts and Entertainment
Will there ever be a Friends reunion?
Harry Hill plays the Professor in the show and hopes it will help boost interest in science among young people
arts + ents
Arts and Entertainment
A Van Gogh sold at Sotheby’s earlier this month
Arts and Entertainment

MusicThe band accidentally called Londoners the C-word

Arts and Entertainment
It would 'mean a great deal' to Angelina Jolie if she won the best director Oscar for Unbroken

Film 'I've never been comfortable on-screen', she says

Arts and Entertainment
Winnie the Pooh has been branded 'inappropriate' in Poland
Arts and Entertainment
Lee Evans is quitting comedy to spend more time with his wife and daughter

Arts and Entertainment
American singer, acclaimed actor of stage and screen, political activist and civil rights campaigner Paul Robeson (1898 - 1976), rehearses in relaxed mood at the piano.
filmSinger, actor, activist, athlete: Paul Robeson was a cultural giant. But prejudice and intolerance drove him to a miserable death. Now his story is to be told in film...
Arts and Entertainment
Taylor Swift is dominating album and singles charts worldwide

Arts and Entertainment
Kieron Richardson plays gay character Ste Hay in Channel 4 soap Hollyoaks

Arts and Entertainment
Midge Ure and Sir Bob Geldof outside the Notting Hill recording studios for Band Aid 30

Latest stories from i100
Have you tried new the Independent Digital Edition apps?

ES Rentals

    Independent Dating

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

    Christmas Appeal

    Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
    Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

    Is it always right to try to prolong life?

    Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
    Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

    What does it take for women to get to the top?

    Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
    Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

    Knitting pretty: British Christmas Jumpers

    Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
    French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

    French chefs campaign against bullying

    A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
    Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

    Just what you need on a New Year hangover...

    Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
    Cuba set to stage its first US musical in 50 years

    Cuba to stage first US musical in 50 years

    Claire Allfree finds out if the new production of Rent will hit the right note in Havana
    Christmas 2014: 10 best educational toys

    Learn and play: 10 best educational toys

    Of course you want them to have fun, but even better if they can learn at the same time
    Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

    Paul Scholes column

    I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
    Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

    Lewis Moody: Lancaster has made all the right calls – now England must deliver

    So what must the red-rose do differently? They have to take the points on offer 
    Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

    Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

    It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
    Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

    Sol Campbell cries foul at Labour's mansion tax

    The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
    Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

    Sarkozy returns

    The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
    Is the criticism of Ed Miliband a coded form of anti-Semitism?

    Is the criticism of Miliband anti-Semitic?

    Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
    Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

    Ouija boards are the must-have festive gift

    Simon Usborne explores the appeal - and mysteries - of a century-old parlour game