Ellison is a licensed pilot with instrument ratings for helicopter aviation, aerobatics, commercial aviation, fixed-wing aircraft, and multi-engine aircraft. In 2003, aged 20, he was selected to perform as part of Sean D. Tucker’s “Stars of Tomorrow” aerobatic team at EAA AirVenture Oshkosh.

Ellison is the CEO and founder of Skydance Media. In 2010, with his father then the sixth richest person in the world, and a partnership deal with Paramount, Skydance was able to raise $350 million in equity and credit to co-finance and co-produce movies. The company’s films include Mission: Impossible – Fallout, Annihilation, World War Z, True Grit, Jack Reacher, Star Trek Into Darkness, Star Trek Beyond and many more. With the 2010 transaction, Ellison was named to Variety’s Dealmaker list for 2010 and the Forbes 30 Under 30 list in 2011.

He married Sandra Lynn Modic, an actress and singer, on October 1, 2011 in Palm Springs, California.

Ellison’s company Skydance Media expanded in 2013 with the launch of its television division. He has executive produced shows such as Altered Carbon, and Grace and Frankie.

In 2014, Ellison launched a new line of men’s clothing, called the “LANAI Collection.”

In 2016, Ellison led Skydance’s acquisition of a game developing company named The Workshop Entertainment, Inc and formed Skydance Interactive dedicated to creating virtual reality experiences.

In 2017, Ellison helped launch Skydance Animation in partnership with Spain’s Ilion Animation Studios.

In 2018, he announced that Skydance Media had partnered with Tencent Holdings Limited.