Megan Ellison: Can Hollywood's Millennial Mogul Make It as a Studio Head?

With a $2 billion checkbook, she has backed filmmakers from Paul Thomas Anderson to David O. Russell, but now the ‘Detroit’ producer is risking it all to transform Annapurna Pictures into a full-fledged Hollywood production house.

Kathryn Bigelow’s Detroit will neither make nor break Megan Ellison or her company, Annapurna Pictures, but the film has special significance. It is the first that Annapurna is distributing on its own — though how that came to be is a curious tale — as part of a bold attempt to transform a company known as a prolific financier-producer of Oscar-bait projects into a full-fledged mini-major. Ellison, 31, has become the first woman with total control of a Hollywood studio and the first to put hundreds of millions of her own money on the line.

Can she make…

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