From dot.LA · · 1m 10s
Reese Witherspoon Buys Hello Sunshine Back
Reese Witherspoon partners with Mediawan to repurchase Hello Sunshine, the media company she founded in 2016.
In brief
Reese Witherspoon partners with Mediawan to repurchase Hello Sunshine, the media company she founded in 2016. Reese Witherspoon is buying back Hello Sunshine, the media company she founded in 2016, for a price below its 2021 valuation. Originally reported by dot.LA.
Reese Witherspoon buys Hello Sunshine back
Five years after selling Hello Sunshine for more than $900M, Reese Witherspoon partners with Mediawan to buy it back.
Purchase price below 2021 valuation
The reported purchase price is in the low-to-mid eight figures, significantly below Hello Sunshine’s 2021 valuation.
Hello Sunshine’s 2016 origins
Founded in 2016, Hello Sunshine produced shows like Big Little Lies and The Morning Show, reaching 6.2 million readers via Reese’s Book Club.
Candle Media acquisition in 2021
Candle Media, backed by Blackstone, acquired Hello Sunshine in 2021 as part of a broader entertainment portfolio strategy.
Streaming market shift
Entertainment companies became more disciplined about content spending after the streaming boom ended.
Hello Sunshine’s new focus
Hello Sunshine will refocus on premium film, television, and Reese’s Book Club under founder-led ownership.
The bottom line
Reese Witherspoon is buying back Hello Sunshine, the media company she founded in 2016, for a price below its 2021 valuation.
