After news broke that billionaire heiress Megan Ellison’s movie studio Annapurna Pictures was in a state of upheaval, her father, Oracle co-founder Larry Ellison, has now taken the reins to scale back her control.
According to The Hollywood Reporter, Larry Ellison has now deployed a trusted executive to oversee the studio’s operations while it refrains from greenlighting projects. An inside source reportedly told THR that the Oracle co-founder is displeased that his daughter “wasn’t running a financially responsible organization” and wants Annapurna to “be run in a more responsible way.”
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