From dot.LA · · 1m 10s
Reese Witherspoon Buys Hello Sunshine Back
Reese Witherspoon partners with Mediawan to buy Hello Sunshine, the LA media company she founded, after selling it for $900M five years ago.
In brief
Reese Witherspoon partners with Mediawan to buy Hello Sunshine, the LA media company she founded, after selling it for $900M five years ago. Reese Witherspoon is buying back Hello Sunshine, the media company she founded in 2016, from Candle Media for a reported low-to-mid eight figures. Originally reported by dot.LA.
Reese Witherspoon Sells Hello Sunshine
Five years after selling Hello Sunshine for more than $900M, Witherspoon partners with Mediawan to buy it back.
Hello Sunshine's Value Drop
The reported purchase price is in the low-to-mid eight figures, significantly below Hello Sunshine’s 2021 valuation.
Hello Sunshine's 2016 Start
Founded in 2016, Hello Sunshine produced shows like Big Little Lies and The Morning Show, and grew Reese’s Book Club to 6.2 million readers.
Candle Media's 2021 Acquisition
Candle Media, backed by Blackstone, bought Hello Sunshine in 2021 along with Moonbug Entertainment and ATTN:.
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 headline
Reese Witherspoon is buying back Hello Sunshine, the media company she founded in 2016, from Candle Media for a reported low-to-mid eight figures.
