Oracle in Talks for $100 Million Skydance-Paramount Cloud Deal

Oracle Corp. is in discussions with Skydance Media LLC for a major software deal once the media company’s acquisition of Paramount Global is complete.

The new arrangement is expected to be worth about $100 million per year, according to people familiar with the matter who asked not to be named speaking about the private discussions. The agreement would see Paramount and its subsidiaries using Oracle’s cloud software, the people said.

Skydance was founded by David Ellison, the son of Oracle Chairman Larry Ellison. The company already uses Oracle software, spending $2.2 million on cloud infrastructure and platform products ...