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Skydance Joins Fortune 500 With CEO Pledging to Keep It in Hollywood

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Skydance now ranks among the Fortune 500, which makes it the most recent Los Angeles company to make that list. Chief executive David Ellison wrote to the company's staff in recent days to say he intends to keep Skydance based in Hollywood. A Fortune 500 ranking puts a company among the largest businesses in the United States, and Los Angeles now has one more of them. For readers in Beverly Hills, the company in question is next door, in the part of the city most closely tied to the film business. Ellison sent the message to his own employees, the people whose work happens in Hollywood every day. His note tells them the company plans to stay where it is.

With reporting from Variety.

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