The deal values Witherspoon's Hello Sunshine, which was founded in 2016 to tell women-driven stories, at $900 million, thanks to its track record of hits like Big Little Lies, The Morning Show and Little Fires Everywhere, and a promising pipeline of adaptations of popular books.

How does Hello Sunshine make money?

Hit Films and Television Shows

As a production house by nature, Hello Sunshine has produced many hit shows like Big Little Lies, Little Fires Everywhere, and The Morning Show. And each one guaranteed her a hefty paycheck.

How much did Reese Witherspoon get for Hello Sunshine?

Reese Witherspoon proved that in 2021 when she sold Hello Sunshine, the media company she built on the back of her own voracious reading and savvy book rights acquisitions, to Blackstone-backed Candle Media for a reported $900 million.

How much is Hello Sunshine production company worth?

In August 2021, The Wall Street Journal reported that Hello Sunshine was sold to a private equity group called Blackstone for $900 million. As Deadline noted, "Witherspoon and Hello Sunshine CEO Sarah Harden will join the board of the as-yet-unnamed company and will continue to operate Hello Sunshine."

Why does Reese Witherspoon have so much money?

Some of its top hits include TV shows like Big Little Lies, Little Fires Everywhere and The Morning Show. She has starred in all three. Witherspoon still owns 18 per cent of the company's shares. Her source of overall wealth is labelled “self-made” through entertainment, and she received a score of eight.

Reese Witherspoon's Hello Sunshine | TIME 100 Companies

Is Reese Witherspoon now a billionaire?

Witherspoon's reported net worth

While Witherspoon says she isn't a billionaire, Forbes has her net worth at $440 million.

Does Jennifer Aniston like Reese Witherspoon?

Jen and Reese have been friends for many years, so it's no surprise they show support for each other's various ventures. Speaking of her admiration for Reese, Jennifer gushed: "I just look at her and I think, You absolutely exhaust me, just looking at your plate.

Who is the CEO of Hello Sunshine?

While serving as president at Otter Media, Sarh Harden oversaw the formation and growth of media and production company Hello Sunshine in 2017. Reese Witherspoon, Hello Sunshine's founder, tapped Harden as CEO in 2017.

How much did Blackstone pay for Hello Sunshine?

Reese Witherspoon sells majority stake in Hello Sunshine to former Disney execs, Blackstone for $900 million. Reese Witherspoon's production company Hello Sunshine has produced shows like the HBO drama “Big Little Lies” and the Apple TV+ series “The Morning Show.”

Does Blackstone own Hello Sunshine?

Reese Witherspoon's media company, Hello Sunshine (Little Fires Everywhere), has been sold to a firm backed by private-equity giant Blackstone Group. Terms are not disclosed. According to the WSJ, which first reported the deal, it values the company at about $900 million.

Why did Reese sell Hello Sunshine?

Actress Reese Witherspoon said selling Hello Sunshine will allow the company to tell more female-led stories and to hire more female filmmakers. A Blackstone Group-backed venture bought a majority stake in Hello Sunshine.

What did Reese Witherspoon sell for $900 million dollars?

Reese Witherspoon's Hello Sunshine production company sold for $900 million. Hello Sunshine, the Hollywood production company co-founded by Reese Witherspoon, has sold to a new, unnamed media company backed by Blackstone and led by former Disney executives Tom Staggs and Kevin Mayer, Hello Sunshine said Monday.

What movie did Reese Witherspoon make the most money?

Who has more money Reese Witherspoon and Jim Toth?

The former co-head of the motion picture talent department at CAA is worth $4 million according to Celebrity Net Worth, while Reese's net worth is $400 million fortune. The Big Little Lies star announced on March 24, 2023, that the pair were splitting after nearly 12 years of marriage.

What happened to Hello Sunshine?

In early August 2021, Witherspoon (after considering selling the company and hearing the interest of Apple) sold part of the company to a Blackstone backed media company, Candle Media, led by former Disney executives Kevin A. Mayer and Tom Staggs for $900 million.

How big is Hello Sunshine company?

Hello Sunshine has reportedly been valued at $900 million, people familiar with the deal told WSJ. The company, which has already spawned a film and TV production company, its own VOD network (complete with Witherspoon's first-ever talk show, Shine on with Reese), and book club, centers on stories by and for women.

Does Reese still work at Hello Sunshine?

Witherspoon will still oversee day-to-day operations of Hello Sunshine, along with CEO Sarah Harden, and they both will remain significant equity holders.

How many employees does Hello Sunshine have?

Hello Sunshine corporate office is located in 12180 Millennium Fl 5, Los Angeles, California, 90094, United States and has 126 employees.

Does AT&T own Hello Sunshine?

Witherspoon launched the company in 2016 as a joint venture with AT&T (T). (CNN is a division of WarnerMedia, which is owned by AT&T (T).) Hello Sunshine's buyer is a new media company backed by private equity firm Blackstone and led by former Disney (DIS) executives Tom Staggs and Kevin Mayer.

Where is Hello Sunshine headquarters?

Hello Sunshine's headquarters are located at 12180 Millennium Fl 5, Los Angeles, California, 90094, United States What is Hello Sunshine's phone number?

Who is Reese Witherspoon's best friend?

Reese Witherspoon shares sweet photo with BFF Jennifer Aniston.

Does Reese Witherspoon wear a wig on Morning Show?

And as viewers quickly realized when the series' first trailer premiered, Witherspoon is rocking both a Southern accent and a brown wig for the part. “[The wig] was Reese's idea,” showrunner Kerry Ehrin recalls. “I think we tried the blond and then we tried a brown wig and when we saw it, it felt so different.

Who is the best Jennifer Aniston friends?