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Reese Witherspoon sells Hello Sunshine, joins new company

Reese Witherspoon sells Hello Sunshine, joins new company
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Witherspoon Goes Over Plans For Hello Sunshine s Female Focused Content

Witherspoon Goes Over Plans For Hello Sunshine s Female Focused Content By Ashley Palya on August 04 2021 6:35 AM Actress Reese Witherspoon arrives at the 2015 Vanity Fair Oscar Party in Beverly Hills, California February 22, 2015. Reuters/Danny Moloshok Actor Reese Witherspoon on Monday sold her media company Hello Sunshine to a firm backed by Blackstone Group for $900 million. She called it the right time for the transaction, which will now allow the female-led company to get the attention and support it needs. Witherspoon, 45, started Hello Sunshine in 2016, which was backed by AT&T and Emerson Collective. The new deal represents the support on her bet that Hollywood needs more stories told by and for women.

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Reese Witherspoon s Hello Sunshine media company sells in $900-million deal

Reese Witherspoon’s Hello Sunshine, the production entity behind shows such as ‘Big Little Lies,’ has been acquired by a newly formed media company launched by former Walt Disney Co executives. Witherspoon’s company on Monday said it received a majority investment from the firm formed by ex-Disney executives Kevin Mayer and Tom Staggs and private equity giant Blackstone. The deal values Hello Sunshine at more than $900 million (Dh3.3 billion), according to a person close to the company who was not authorised to comment. The deal is the latest sign of the thirst for content in Hollywood amid the growth of streaming services, including Netflix, HBO Max and Hulu, competing for viewers’ attention.

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PepsiCo plans to sell off Tropicana | Business | The Journal Gazette

PepsiCo plans to sell off Tropicana | Business | The Journal Gazette
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Names and faces

Names and faces
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