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Reese Witherspoon is bringing back Hello Sunshine. The actress and producer is expected to buy back her media company from Candle Media in partnership with Mediawan. Financial terms of the sale were not immediately disclosed.
“Mediawan has built a global, independent studio by putting creators first. That’s always been my vision for Hello Sunshine,” said Witherspoon, founder of Hello Sunshine. “I’m investing with Mediawan and joining Pierre-Antoine Capton and his teams because it’s the perfect home for this new media landscape. It’s also a homecoming. Peter Chernin and Jesse Jacobs believed in Hello Sunshine from day one.”
Hello Sunshine co-founder Seth Rodsky will join the company’s Board along with Witherspoon and representatives from Mediawan following the acquisition. The deal comes after Witherspoon first sold Hello Sunshine to Kevin Mayer and Tom Staggs’ Candle Media for a reported $900 million. Moelis & Company served as financial advisor to Candle Media. Candle Media and Hello Sunshine were represented by Kirkland & Ellis. Reese Witherspoon was represented by Latham & Watkins. Mediawan was represented by Gibson Dunn.
The Mediawan partnership places Hello Sunshine among its suite of global creative companies, enabling international formats to mine for future programming.
For Mediawan, the acquisition is part of a wider strategy to create a platform of creative talent by bringing together independent production companies in the industry under one roof, while preserving the creative independence and unique identity that makes them successful. Hello Sunshine joins the growing Mediawan ecosystem that includes Chernin Entertainment, Plan B Entertainment, See-Saw Films, Kinetic Content, Wiedemann & Berg, Palomar, Our Films, Drama Republic, Chapter2, Chi-Fou-Mi and other leading production companies across the US, UK, Europe and beyond.
The combined group is behind globally successful and award-winning titles such as “Adolescence,” “Backrooms,” “F1,” “Slow Horses,” “Call My Agent!,” “Apex,” “Miraculous,” “Love Is Blind,” “New Girl,” “The Greatest Showman” and the “Planet of the Apes” franchise.
The acquisition of Hello Sunshine adds to the ecosystem one of the most unique female creative brands in the industry, a proven track record in great entertainment, and Reese’s Book Club, which will continue to play a key role with its direct relationship with millions of highly engaged fans and its IP pipeline. Hello Sunshine’s notable titles include Prime Video’s “Elle,” Apple TV’s “Lucky” and “The Morning Show.”
“Mediawan has succeeded in bringing together the best creative companies and giving them the resources, scale and independence to tell great stories,” said Pierre-Antoine Capton, co-founder and CEO of Mediawan Group. “Led by a generational talent in Reese, Hello Sunshine has an incredible track record of telling great stories through film and TV and creating strong connections with audiences through Reese’s Book Club. even stronger.”
“Reese and her team have built Hello Sunshine into the premier women’s storytelling company, making it a great addition to Mediawan’s unparalleled portfolio,” said Peter Chernin, Mediawan board member, and Scott Manson, Mediawan North America CEO. “We see a tremendous opportunity to pair the creative vision of Reese and her team with Mediawan’s deep understanding of talent and global reach.”
Hello Sunshine was founded in 2016 with the support of Chernin and Jesse Jacobs through The Chernin Group.
