Reese Witherspoon to Buy Back Hello Sunshine from Candle Media
Variety • • entertainment
Key Points:
- Reese Witherspoon, supported by Mediawan, is reacquiring her production company Hello Sunshine from Candle Media, with co-founder Seth Rodsky joining the board alongside Witherspoon and Mediawan representatives.
- Mediawan, known for acquiring high-profile Hollywood assets such as Chernin Entertainment and Brad Pitt’s Plan B, aims to provide Hello Sunshine with resources and independence to thrive in the evolving media landscape.
- Hello Sunshine, founded by Witherspoon in 2016 and previously valued at nearly $1 billion under Candle Media, is recognized for successful projects like "Big Little Lies," "The Morning Show," and "Where the Crawdads Sing."
- Mediawan CEO Pierre-Antoine Capton emphasized the strategic value of combining creative brands like Hello Sunshine to enhance access to talent, intellectual property, and resources while maintaining creative independence.
- The transaction involved financial and legal advisors including Moelis & Company, Kirkland & Ellis, Latham & Watkins, and Gibson Dunn representing the respective parties.
