Reese Witherspoon sells Hello Sunshine, joins new company boston.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston.com Daily Mail and Mail on Sunday newspapers.
Reese Witherspoon’s Hello Sunshine, the production entity behind shows such as ‘Big Little Lies,’ has been acquired by a newly formed media company launched by former Walt Disney Co executives.
Witherspoon’s company on Monday said it received a majority investment from the firm formed by ex-Disney executives Kevin Mayer and Tom Staggs and private equity giant Blackstone. The deal values Hello Sunshine at more than $900 million (Dh3.3 billion), according to a person close to the company who was not authorised to comment.
The deal is the latest sign of the thirst for content in Hollywood amid the growth of streaming services, including Netflix, HBO Max and Hulu, competing for viewers’ attention.
Real-life Bennifers find happy endings after years apart thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
Chrissy Teigen feels lost after social media scandal gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.