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.

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