Skydance Media, a media company founded in 2010 by David Ellison, has closed a $400 million strategic investment round led by KKR and joined by the Ellison family who remain the company’s majority shareholders.

The addition of KKR as a new investor looks to drive Skydance’s growth initiatives in sports and interactive entertainment, as well as the continued growth of existing verticals such as animation. Existing investors RedBird Capital Partners and Tencent also participated in the fundraise, which now values Skydance at over $4 billion.

“We look forward to supporting the Skydance team as they continue to build their business across TV, film, animation, gaming and sports and tell compelling stories in new and innovative ways,” says Ted Oberwager, a partner who leads the gaming, entertainment, media and sports verticals at KKR.

Goldman Sachs & Co. LLC acted as financial advisor and Latham & Watkins LLP acted as legal advisor to Skydance. Moelis & Co. acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to KKR.