Actress Reese Witherspoon said selling Hello Sunshine will allow the company to tell more female-led stories and to hire more female filmmakers. In addition to a scripted studio, Hello Sunshine also produces unscripted shows and began a kids animation division 18 months ago.
How much did Hello Sunshine sell for?
The Wall Street Journal first reported the news of the sale and estimated the deal values Hello Sunshine at $900 million.
Did Reese Witherspoon sell her company?
Reese Witherspoon, the Oscar-winning actor who became a force in Hollywood as a producer and an entrepreneur, reached an agreement on Monday to sell her entertainment studio, Hello Sunshine, to a newly created company backed by the investment firm Blackstone Group. Terms of the sale were not disclosed.
What does Hello Sunshine do?
Hello Sunshine, a women-led media business founded by Witherspoon in 2016, has created content from television and feature films to podcasts, and also hosts Reese’s Book Club, whose picks regularly pop up on USA TODAY’s Best-Selling Books list.The company is also behind five-time Emmy nominated limited series “Little …
Who runs Hello Sunshine?
Witherspoon and Hello Sunshine CEO Sarah Harden will continue to run the company and remain equity holders, as well as join the board of the new media company, according to the press release. “Today marks a tremendous moment for Hello Sunshine,” Witherspoon said in a statement Monday.
Where is Hello Sunshine based?
Los Angeles
Hello Sunshine (company)
| Type | Private |
|---|---|
| Headquarters | Los Angeles, California, United States |
| Key people | Sarah Harden (CEO) |
| Services | Film production television production |
| Owners | Reese Witherspoon Seth Rodsky Otter Media Emerson Collective (pending sale to a new company backed by The Blackstone Group) |
