THE MIRROR OF MEDIA

Reese Witherspoon’s media firm to be sold to Blackstone-backed company By Reuters



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

(Reuters) -Academy award-winning actress Reese Witherspoon’s media enterprise, Hiya Sunshine, mentioned on Monday it could be purchased by a newly shaped Blackstone Group (NYSE:) Inc-backed media agency for an undisclosed quantity.

The brand new firm can be backed by former Disney executives Kevin Mayer and Tom Staggs.

Based in 2016, Hiya Sunshine’s productions embody “Huge Little Lies,” “The Morning Present” and “Little Fires In all places.”

Its current traders embody AT&T Inc (NYSE:), Emerson (NYSE:) Collective, Strand Fairness’s Seth Rodsky and Jim Toth.

Witherspoon and Chief Government Officer Sarah Harden, who will be a part of the board of the brand new media firm, will proceed to supervise the day-to-day operations of Hiya Sunshine.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not offered by exchanges however quite by market makers, and so costs will not be correct and should differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties potential.





Source link