In a statement, Reese Witherspoon said that Hello Sunshine's reported $900 million sale 'really means that women’s stories matter.'
. “I’m going to double down on that mission to hire more female creators from all walks of life and showcase their experiences,” Witherspoon said in a statement. “This is a meaningful move in the world because it really means that women’s stories matter.”began to circulate last month that Hello Sunshine was considering a sale and could receive a $1 billion valuation. The currently unnamed media partnership between Blackstone and Hello Sunshine will be headed by former Walt Disney Co.
The sale of Hello Sunshine to Blackstone is “part of a plan to build an independent entertainment company for Hollywood’s streaming era,”
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WSJ News Exclusive | Reese Witherspoon’s Hello Sunshine to Be Sold to Media Company Backed by BlackstoneBreaking: Reese Witherspoon’s media business, Hello Sunshine, is selling itself to a firm backed by private-equity giant Blackstone Group, the companies said, part of a plan to build an independent entertainment company for Hollywood’s streaming era
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Reese Witherspoon's media firm to be sold to Blackstone-backed companyAcademy award-winning actress Reese Witherspoon's media venture, Hello Sunshine, said on Monday it would be bought by a newly formed Blackstone Group Inc-backed media firm (BX.N) for an undisclosed amount.
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WSJ News Exclusive | Reese Witherspoon’s Hello Sunshine to Be Sold to Media Company Backed by BlackstoneBreaking: Reese Witherspoon’s media business, Hello Sunshine, is selling itself to a firm backed by private-equity giant Blackstone Group, the companies said, part of a plan to build an independent entertainment company for Hollywood’s streaming era
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