© Reuters. FILE PHOTO: Reese Witherspoon arrives to the Oscars red carpet for the 93rd Academy Awards in Los Angeles, California, U.S., April 25, 2021. Chris Pizzello/Pool via REUTERS

(Reuters) -Academy award-winning actress Reese Witherspoon’s media venture, Hello Sunshine, said on Monday it would be bought by a newly formed Blackstone Group (NYSE:) Inc-backed media firm for an undisclosed amount.

The new company is also backed by former Disney executives Kevin Mayer and Tom Staggs.

Founded in 2016, Hello Sunshine’s productions include “Big Little Lies,” “The Morning Show” and “Little Fires Everywhere.”

Its existing investors include AT&T Inc (NYSE:), Emerson (NYSE:) Collective, Strand Equity’s Seth Rodsky and Jim Toth.

Witherspoon and Chief Executive Officer Sarah Harden, who will join the board of the new media company, will continue to oversee the day-to-day operations of Hello Sunshine.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here