From Inc · · 1m 20s
Reese Witherspoon Buys Back Hello Sunshine
Reese Witherspoon reacquires Hello Sunshine media company at fraction of 2021 sale price.
In brief
Reese Witherspoon reacquires Hello Sunshine media company at fraction of 2021 sale price. Reese Witherspoon is buying back Hello Sunshine from private equity firm Candle Media for a price much lower than the $900 million valuation she sold it for in 2021. Originally reported by Inc.
Reese Witherspoon buys back Hello Sunshine
Reese Witherspoon is reportedly reclaiming her media company Hello Sunshine from private equity firm Candle Media.
Five years after sale
The buyback comes five years after Candle Media acquired a majority stake in Hello Sunshine for approximately $900 million.
Partners with Mediawan
Witherspoon and Hello Sunshine co-founder Seth Rodsky will join the company’s board with Mediawan representatives.
Purchase price low
The purchase price is reportedly in the low to mid-eight-figures, much lower than the original $900 million valuation.
Hello Sunshine history
Hello Sunshine was founded in 2016 with backing from Peter Chermin and Jesse Jacobs through The Chemin Group.
Notable productions
The company produced popular titles including Where the Crawdads Sing and Big Little Lies.
Reese’s Book Club
Hello Sunshine operates Reese’s Book Club with millions of online followers.
New chapter for Witherspoon
The buyback marks a new chapter for Witherspoon’s media corporation as Hollywood’s business landscape has changed since the streaming boom.
The essence
Reese Witherspoon is buying back Hello Sunshine from private equity firm Candle Media for a price much lower than the $900 million valuation she sold it for in 2021.
