Reese Witherspoon's Hello Sunshine will be sold to a Blackstone-backed media company headed by former Disney executives Kevin Mayer and Tom Staggs. The currently unnamed media partnership between Blackstone and Hello Sunshine will be headed by former Walt Disney Co. executives Kevin Mayer and Tom Staggs. For Mr. Mayer and Mr. Staggs, the Blackstone-backed media company, with Hello Sunshine at its center, means a return to entertainment. The new media venture Blackstone is backing will be run by former Walt Disney Co. executives Kevin Mayer and Tom Staggs, with Hello Sunshine as its first acquisition. Hello Sunshine is a perfect fit for our vision of a new, next generation . Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon in 2016, today announced a definitive agreement for a majority investment from a newly formed company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, a leading global investment business. In August, Hello Sunshine sold a majority stake of the company, worth US$900 million, to entertainment executives Kevin Mayer, Tom Staggs and private equity firm Blackstone. Witherspoon founded Hello Sunshine in 2016 and it's the company behind Apple TV+ hit The Morning Show a show that also stars Witherspoon alongside Jennifer Aniston. Last summer, I interviewed Hello Sunshine Official CEO Sarah Harden about the company, its origins, and its mission and about her own professional Liked by Kevin Mayer To "steel man" this opportunity, the basic upside seems to be that Reese Witherspoon has a devoted fan base, thus Kevin Mayer can monetize . The new venture backed by Blackstone was launched by former Disney executives Kevin Mayer and Tom Staggs and Hello Sunshine is its first acquisition. Hello Sunshine, the Hollywood production company co-founded by Reese Witherspoon, has sold to a new, unnamed media company backed by Blackstone and led by former Disney executives Tom Staggs and Kevin Mayer, Hello Sunshine said Monday.. Why it matters: Hello Sunshine was one of several smaller Hollywood studios exploring opportunities to sell, given the ripe market for content firms in the . Kevin Mayer and Tom Staggs said: "We are thrilled to partner with Reese, Sarah, and the entire Hello Sunshine team. The media firm acquiring Hello Sunshine is being run by former Walt Disney executives Kevin Mayer and Tom Staggs. If you listen to Hello Sunshine's founders or Kevin Mayer, far from seeking an exit, this is about building a "next generation media company". The entrepreneur says that she will "double down" on the mission to "hire more female creators from all walks of life and showcase their experiences." The $900 million acquisition of Reese Witherspoon's Hello Sunshine by private equity giant . Reese Witherspoon's Hello Sunshine has been sold to a new media company backed by private equity firm Blackstone. Witherspoon and Hello Sunshine CEO Sarah Harden will join the board of the company and will to continue to operate Hello Sunshine. Reese Witherspoon's production company Hello Sunshine is being sold to a media company recently launched by former Disney executives Kevin Mayer and Tom Staggs backed by Blackstone, the companies announced Monday. Witherspoon and Hello . If that sounds familiar to the Hello Sunshine deal above, it should: Kevin Mayer was the architect of both deals! Among the investments made through that company was the acquisition of Reese Witherspoon's Hello Sunshine company for around US$900m. The deal is part of the firm's plan to build an independent entertainment company formed by former Disney executives Kevin Mayer and Tom Staggs; Hello Sunshine is the first of hopefully several . Ignore the high price, focus on the opportunities. Advertisement. TAGS: Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon in 2016, today announced a definitive agreement for a majority investment from a newly formed company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, a leading global investment business. So we can expect more from Witherspoons's series to continue. The deal is part of the firm's plan to build an independent entertainment company formed by former Disney executives Kevin Mayer and Tom Staggs; Hello Sunshine is the first of hopefully several acquisitions to be made by the currently untitled media company Fear not however, Witherspoon will still be involved in day-to-day operations and will join the renewed company's board. DAZN's Kevin Mayer: A man ahead of the curve. The buyer is a media company backed by the . Hello Sunshine is the first . Talks fell apart for those three. Witherspoon's company on Monday said it received a majority investment from the firm formed by ex-Disney executives Kevin Mayer and Tom Staggs and . The Discovery-WarnerMedia deal, which is still subject to regulatory approval, remains on track to close in the middle of 2022, said . The team is betting that the value of independent production houses can only go up from here, thanks to the streaming boom. Mr. Mayer, who helped engineer Disney's purchases of Pixar . For Mr. Mayer and Mr. Staggs, the Blackstone-backed media company, with Hello Sunshine at its center, means a return to entertainment. The acquisition will help create a new company . Mr. Mayer, who helped engineer Disney's purchases of Pixar . . Caroline Frost talks to Kevin Mayer, the Disney veteran who oversaw the launch of Disney+ and who aims to turn DAZN into the Netflix of sport. LOS ANGELES & NEW YORK, (BUSINESS WIRE) -- Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates,. The still-unnamed media venture by Blackstone will be run by former Disney executives Kevin Mayer and Tom Staggs. The new media firm, which will be run by former Disney execs Kevin Mayer and Tom Staggs, bought out existing investors in Hello Sunshine, including AT&T and Laurene Powell Jobs' Emerson . Transactions like the $900 million takeover of Reese Witherspoon's Hello Sunshine, via a partnership between Blackstone and former Disney execs Kevin Mayer and Tom Staggs, set tongues wagging . Hello Sunshine, the Hollywood production company co-founded by Reese Witherspoon, has sold to a new, unnamed media company backed by Blackstone and led by former Disney executives Tom Staggs and Kevin Mayer, Hello Sunshine said Monday.. Why it matters: Hello Sunshine was one of several smaller Hollywood studios exploring opportunities to sell, given the ripe market for content firms in the . They, along with other executives, will maintain an ownership . Mayer said on Wednesday that Hello Sunshine is a consumer brand and other companies his firm is . Hello Sunshine, the mission-driven media company that puts women at the center of every story it creates, founded by Reese Witherspoon in 2016, today announced a definitive agreement for a majority investment from a newly formed company run by leading entertainment executives Kevin Mayer and Tom Staggs and backed by investment capital from Blackstone, a leading global investment business. The merger frenzy in Hollywood moved to a new level this week when Reese Witherspoon's Hello Sunshine was bought for a stunning $900 million by a pair of former Disney executives, Tom Staggs and Kevin Mayer, for their new as-yet-nameless Blackstone-backed media company. Witherspoon and Harden will also serve as board members for the new media company run by entertainment executives Kevin Mayer and Tom Staggs.

Radio City Music Hall View From My Seat, Ellis Tripod Floor Lamp Instructions, Twitch Culture Is Cringe, Kankakee Daily Journal Obituaries, Scott Graham Background, Telford Tigers Scores,