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Reese Witherspoon's media firm to be sold to Blackstone-backed company


Reese Witherspoon s media firm to be sold to Blackstone-backed company
08/02/2021 20:08
(Reuters) -Academy award-winning actress Reese Witherspoon s media company, Hello Sunshine, is selling itself to a newly formed media firm backed by Blackstone Group Inc for an undisclosed sum.
The sale will value the company at about $900 million, people familiar with the matter told Reuters.
Founded in 2016, Hello Sunshine is the women-led production house behind series like HBO s Big Little Lies, The Morning Show on Apple TV+ and Little Fires Everywhere.
The deal comes as a video streaming war between Netflix Inc, Walt Disney Co s Disney+ and AT&T Inc s HBO Max heats up, forcing the companies to spend billions of dollars on content. ....

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