Hello Sunshine’s PE collapse signals Hollywood star-deal reckoning
The Ankler’s Ashley Cullins reports that Reese Witherspoon is buying back Hello Sunshine alongside Mediawan for less than 10 percent of the $900 million valuation Blackstone-backed Candle Media paid in 2021.
Why it matters. Private equity firms with dry powder left over from the early-2020s star-shingle boom are now redirecting it toward digital creators instead of celebrity production companies.
Signal from The Ankler · Ashley Cullins · read the original.
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