Reese Witherspoon Sells Her Production Company Hello Sunshine for $900 Million to Former Disney Execs.
Making a change! Reese Witherspoon sold her production company, Hello Sunshine, for $900 million to a media company that is backed by private equity firm Blackstone Group Inc.
Witherspoon and her Hello Sunshine CEO, Sarah Harden, will also join the board of the new company which has yet to be named.
Hello Sunshine produced HBO’s Big Little Lies, The Morning Show on Apple TV+ and Hulu’s Little Fires Everywhere.
It’s also getting into podcasting and producing kids’ content.
Witherspoon’s successful Reese’s Book Club also falls under the Hello Sunshine umbrella. The actor recommends one adult and one young adult title per month.
In a statement, Witherspoon said she remains committed to telling stories about women, by women filmmakers, authors and other content creators, and this deal will only make that more possible.
“I am committed to continuing to create opportunity for filmmakers, authors and creators of all backgrounds and experiences to tell their stories in their own way, and to reach more audiences who will see that their stories matter,” Witherspoon continued. “This is a unique time in our world where the intersection of art, commerce and media makes it possible for these creators to tell their stories and Hello Sunshine is here to put a spotlight on their amazing creations.”