A Private Equity Reckoning After Hello Sunshine's Fall — and Who Wins

Reese Witherspoon is buying back Hello Sunshine in a reported eight-figure deal, five years after the production company was valued at $900 million

Reese Witherspoon is partnering with Paris-based production company Mediawan in a deal to acquire Hello Sunshine from Candle Media, the production company

A Private Equity Reckoning After Hello Sunshine's Fall — and Who Wins

I wrote about a surprising shortage of indie films and eight VC players and 14 private equity firms ready to pounce on Hollywood, and spoke to Media Res CEO Michael Ellenberg about what shows are selling now. When Blackstone-backed Candle Media invested in Reese Witherspoon’s Hello Sunshine at a $900 million valuation in 2021, the heavy-hitting private equity player probably didn’t expect to sell it back to her in partnership with Mediawan for f…