Witherspoon buys back Hello Sunshine with Mediawan
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Reese Witherspoon is taking back her production company Hello Sunshine from current owner Candle Media together with French media group Mediawan. Co-founder Seth Rodsky is moving to the supervisory board.
AI MODIFIEDTVS News AI, editorially supervised, presents Witherspoon buys back Hello Sunshine with Mediawan.
Reese Witherspoon has bought back her own production company Hello Sunshine from current owner Candle Media — together with the French media group Mediawan.
The Paris-based Mediawan group is coming on board as a partner and is taking over the company together with the actress and entrepreneur. The parties involved initially did not disclose the financial terms of the deal.
Who will sit on the supervisory board in the future?
Hello Sunshine co-founder Seth Rodsky is moving to the company's supervisory board. According to Variety, he will sit there alongside Witherspoon and Mediawan representatives.
What does the deal mean for Hello Sunshine?
With the sale, the production company is moving into the Mediawan group — according to Deadline, this network already includes Chernin Entertainment, Brad Pitt's Plan B, and See-Saw Films. For Witherspoon, the return means control over her own company, which most recently operated under the Candle Media umbrella.
The acquisition is the next major US deal for the growing Mediawan group, following Chernin, Plan B, and See-Saw.
As of 2:32 PM. More details to follow.
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