Reese Witherspoon’s Hello Sunshine Media Acquired For $900 M

Reese Witherspoon's Hello Sunshine Media Acquired For $900 M

Before the printing press, information was slow and limited. Fortunes were made by leveraging labor and capital. After the internet, global distribution became free. Fortunes are now built by coding or media. As companies adjust to the shift away from traditional TV and standard movie releases to the always-on world of streaming and cord cutting, there is a demand for content creators. Amazon is acquiring MGM Studios for $8.45 billion, WarnerMedia and Discovery are merging, Comcast and CBS are partnering, and traditional media companies are competing with Netflix. Hello Sunshine, the media company started by Reese Witherspoon, which thrived during quarantine with productions for Apple, Hulu, and HBO is now valued at $900 million. Per Hello Sunshine's announcement, the company will be the first acquisition by the new media venture run by Mayer and Staggs, which is backed by private equity firm Blackstone. Get Double Your Ideal Customers In Half The Time https://bit.ly/3ybAFbz Kill Brain Fog with F'ing Focus https://bit.ly/3yeMUDF Build Your Online Store With Shopify https://www.shopify.com/?ref=saf Try Visible, the best unlimited data provider imo https://www.visible.com/get/33vGHd


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