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Hello Sunshine’s sale comes on the heels of other major acquisitions — including Amazon’s purchase of MGM and Discovery’s takeover of WarnerMedia — as companies fight to compete in an increasingly crowded streaming market. Staggs and Mayer have been seeking a number of deals in recent months for their still-unnamed media company. Blackstone has backed the company with a war chest of at least $2 billion, with the firm’s head of private equity Joe Baratta saying in a statement Monday that “the rapidly growing demand for high-quality content is one of our firm’s highest-conviction investment themes.”
Staggs and Mayer said in a statement that “Hello Sunshine is a perfect fit for our vision of a new, next generation entertainment, technology, and commerce company.” “We seek to empower creators with innovation, capital, and scale to inspire, entertain, and delight global audiences with engaging content, experiences, and products,” they added. “Our platform will foster a uniquely creator-friendly culture that gives elite talent the resources they need to create and capitalize on their best, most inventive work.
I could sure use that money in my pocket
Perhaps we should start a fundraiser for Reese. The poor woman may be out of a job?!?!
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Reese Witherspoon’s Media Company Hello Sunshine Reportedly Sells for $900 Million“This is a meaningful move in the world because it really means that women’s stories matter,” Witherspoon said of the sale to a media firm backed by private-equity group Blackstone Group Inc.
Fuente: VanityFair - 🏆 391. / 55 Leer más »
Reese Witherspoon’s Hello Sunshine Sold for $900 Million to Media Company Backed by BlackstoneReese Witherspoon’s Hello Sunshine has been sold for north of $900 million to a media company backed by the private-equity firm Blackstone Group Inc. Witherspoon and Sarah Harden, Hello Sunsh… “You made several hundred million dollars?”
Fuente: Variety - 🏆 108. / 63 Leer más »
WSJ News Exclusive | Reese Witherspoon’s Hello Sunshine to Be Sold to Media Company Backed by BlackstoneBreaking: Reese Witherspoon’s media business, Hello Sunshine, is selling itself to a firm backed by private-equity giant Blackstone Group, the companies said, part of a plan to build an independent entertainment company for Hollywood’s streaming era I can give you more info on how to make money weekly with the forex/binary investment platform. If you're interested, dm me. The deal values Witherspoon’s company, whose production slate has included series such as HBO’s “Big Little Lies” and Apple’s “The Morning Show,” at about $900 million, people familiar with the matter said “Independent” “equity firm”
Fuente: WSJ - 🏆 98. / 63 Leer más »
Reese Witherspoon Sells Company Hello Sunshine for Nearly $1 Billion - E! OnlineReese Witherspoon is saying hello (sunshine) to a nearly $1 billion paycheck after selling her company: 'I couldn’t be more excited about what this means for our future.' She’s not say hello she saying Worth that and then some... Congratulations
Fuente: enews - 🏆 466. / 52 Leer más »