Anonymous ID: 76e607 Aug. 2, 2021, 4:02 p.m. No.14254072   🗄️.is đź”—kun   >>4411 >>4633

Sure this has been posted but we have another celebrity selling off

 

Reese Witherspoon's Media Company Sold To Blackstone-Backed Firm For $900 Million

 

Having gobbled up much of US housing and becoming the largest US landlord in the process, private equity giant Blackstone now has its sights on the media business much to the delight of Reese Witherspoon's media business, Hello Sunshine, which the WSJ reports is selling itself to a company backed by Blackstone for $900 million. The sale of the company, whose production slate has included programming such as the HBO drama “Big Little Lies,” and while will makes Witherspoon one of the wealthiest people in Hollywood is "part of a plan to build an independent entertainment company for Hollywood’s streaming era" with an emphasis on women's content.

 

According to the Journal, the as-yet-unnamed media venture Blackstone is backing will be run by former Walt Disney executives Kevin Mayer and Tom Staggs. Hello Sunshine will be its first acquisition. Witherspoon and Hello Sunshine CEO Sarah Harden will join the board of the new company and will continue to operate Hello Sunshine.

 

https://www.zerohedge.com/markets/reese-witherspoons-media-company-sold-blackstone-backed-firm-900-million