It’s a perfect day for Reese Witherspoon as the actress and producer sells her media company to a newly established company backed by private equity fund Blackstone Group.
The terms of the deal have not been disclosed, but the Wall Street Journal reported that the deal was worth about $ 900 million.
Known for his role in movies such as Legally Blonde and Walk the Line, Witherspoon founded Hello Sunshine in 2016. She will continue to oversee its day-to-day operations with members of Hello Sunshine’s existing senior management team. Including CEO Sarah Harden. Witherspoon and Harden will also serve on the board of directors of a new media company run by entertainment executives Kevin Mayer and Tom Staggs.
Focusing on putting women at the center of the story, Hello Sunshine creates screenplay and screenplay-free television, feature films, animated series, podcasts, audio storytelling, and digital series. “Small fires everywhere.” There is also a Reese book club, and many of the club’s recommendations are movies and limited-edition series.
Reese Witherspoon sells Hello Sunshine, joins new company – Press Enterprise Source link Reese Witherspoon sells Hello Sunshine, joins new company – Press Enterprise