{"id":314669,"date":"2021-08-02T19:53:34","date_gmt":"2021-08-02T16:53:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reese-witherspoons-hello-sunshine-sold-for-900-million\/"},"modified":"2021-08-02T19:53:34","modified_gmt":"2021-08-02T16:53:34","slug":"reese-witherspoons-hello-sunshine-sold-for-900-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reese-witherspoons-hello-sunshine-sold-for-900-million\/","title":{"rendered":"#Reese Witherspoon’s Hello Sunshine sold for $900 million"},"content":{"rendered":"

“#Reese Witherspoon’s Hello Sunshine sold for $900 million<\/strong>”<\/p>\n

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Reese Witherspoon\u2019s entertainment startup Hello Sunshine has been sold for $900 million to a firm backed by private-equity giant Blackstone Group. <\/p>\n

Witherspoon\u2019s media<\/a> firm \u2014 whose shows include HBO\u2019s \u201cBig Little Lies,\u201d App<\/a>le\u2019s \u201cThe Morning Show\u201d and Oscar-nominated thriller \u201cGone Girl,\u201d is the first acquisition for the yet-to-be-named Blackstone-backed media venture, which will be run by former Disney execs\u00a0Kevin Mayer and Tom Staggs. <\/p>\n

Witherspoon and Hello Sunshine chief executive Sarah Harden will join the board of the new company and will continue to operate the business. <\/p>\n

According to The Wall Street Journal, which first reported the sale, Blackstone is spending more than $500 million in cash to purchase shares from existing Hello Sunshine investors, including\u00a0AT&T\u00a0and Laurene Powell Jobs\u2019 Emerson Collective. <\/p>\n

\"An
Witherspoon starring with Jennifer Anniston in \u201cThe Morning Show,\u201d one of Hello Sunshine\u2019s hit shows.<\/figcaption>
Apple TV+<\/span><\/figcaption><\/figure>\n

Additionally, the \u201cLegally Blonde\u201d actress and some Hello Sunshine executives and investors will roll over the remaining equity into ownership stakes in the new company Blackstone is forming.<\/p>\n

\u201cToday marks a tremendous moment for Hello Sunshine,\u201d Witherspoon said in a statement Monday. \u201cI started this company to change the way all women are seen in media. Over the past few years, we have watched our mission thrive through books, TV, film and social platforms. Today, we\u2019re taking a huge step forward by partnering with Blackstone, which will enable us to tell even more entertaining, impactful and illuminating stories about women\u2019s lives globally.\u201d<\/p>\n

Founded in 2016, Hello Sunshine launched as a joint venture between AT&T\u2019s Otter Media and Witherspoon, who started the company with the mission to tell more stories in Hollywood for women and by women. <\/p>\n

\"Nicole
\u201cBig Little Lies\u201d is one of Hello Sunshine\u2019s marquee properties that drew interest from the Blackstone-backed media company.<\/figcaption>
Hilary Bronwyn Gayle<\/span><\/figcaption><\/figure>\n

The sale of Hello Sunshine comes at a time when demand for streaming is at an all-time high and media deals are hot. There\u2019s already been much buzz over possible sales of smaller media and production companies like LeBron James\u2019 SpringHill Entertainment and Imagine Entertainment, the company founded by Brian Grazer and Ron Howard.<\/p>\n

Mayer and Staggs have been at the center of this deal-making, leading talks with both firms as they look to roll up smaller media companies, according to reports. <\/p>\n

\u201cOur platform will foster a uniquely creator-friendly culture that gives elite talent the resources they need to create and capitalize on their best, most inventive work,\u201d Mayer and Staggs said in a statement. \u201cWe look forward to backing Reese, Sarah, and their world-class team as they continue to produce and identify dynamic, engaging content for years to come.\u201d<\/p>\n<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Reese Witherspoon’s Hello Sunshine sold for $900 million” Reese Witherspoon\u2019s entertainment startup Hello Sunshine has been sold for $900 million to a firm backed by private-equity giant Blackstone Group. Witherspoon\u2019s media firm \u2014 whose shows include HBO\u2019s \u201cBig Little Lies,\u201d Apple\u2019s \u201cThe Morning Show\u201d and Oscar-nominated thriller \u201cGone Girl,\u201d is the first acquisition for the…<\/p>\n","protected":false},"author":1,"featured_media":314670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/hello-sunshine-43.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[113324,30291,88721,70584,4961,1372],"class_list":["post-314669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-2-21","tag-big-little-lies","tag-blackstone-group","tag-mergers-acquisitions","tag-reese-witherspoon","tag-streaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=314669"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/314670"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=314669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=314669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=314669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}