Reese Witherspoon sold control of Hello Sunshine at a $900 million valuation in 2021; five years later, she has teamed with Mediawan to buy the company back at a reported fraction of that price
- Reese WitherspoonRodin Eckenroth/FilmMagicReese Witherspoon’s Hello Sunshine has returned to the person who built it.
- In 2021, Candle Media acquired a controlling stake in the production company at a valuation of more than $900 million, a deal shaped by the peak of the streaming boom and the growing demand for premium, female-led stories.
- Five years later, Witherspoon has partnered with Paris-based Mediawan to buy the company back for a reported low- to mid-eight-figure amount, according to Axios.
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- Reese WitherspoonRodin Eckenroth/FilmMagicReese Witherspoon’s Hello Sunshine has returned to the person who built it.
- In 2021, Candle Media acquired a controlling stake in the production company at a valuation of more than $900 million, a deal shaped by the peak of the streaming boom and the growing demand for premium, female-led stories.
- Five years later, Witherspoon has partnered with Paris-based Mediawan to buy the company back for a reported low- to mid-eight-figure amount, according to Axios.
Sources: Times of India