, but also has its hands in the production of podcasts, live events, books, reality tv series, and web-first series for platforms like Facebook Watch and IGTV. The company also recently struck a deal with Netflix that includes two upcoming romantic comedies starring Witherspoon.. “I started this company to change the way all women are seen in media. Over the past few years, we have watched our mission thrive through books, TV, film, and social platforms.
The deal certainly has some Hollywood players buzzing. The company, which is just five years old, doesn’t have a major backlog of content. Most of its biggest hits, too, have been tied directly to the star power of Witherspoon herself, and the ownership of those properties remain with their production partners .And the Blackstone-backed media venture still remains something of a mystery.
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Reese Witherspoon's media firm to be sold to Blackstone-backed companyAcademy award-winning actress Reese Witherspoon's media venture, Hello Sunshine, said on Monday it would be bought by a newly formed Blackstone Group Inc-backed media firm (BX.N) for an undisclosed amount.
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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”
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