Reese Witherspoon and Mediawan Partner to Buy Back Hello Sunshine from Candle Media

Reese Witherspoon, with the help of Mediawan Partners, is buying back her media company, Hello Sunshine, from Candle Media.

Hello Sunshine co-founder Seth Rodsky will join the Board of the company alongside Witherspoon and representatives from Mediawan.

“Mediawan has built a global, independent studio by putting creators first. That has always been my vision for Hello Sunshine,” said Witherspoon, Founder of Hello Sunshine. “I’m investing alongside Mediawan and joining Pierre-Antoine Capton and his teams because this is the perfect home for this new media landscape. It’s also a homecoming. Peter Chernin and Jesse Jacobs believed in Hello Sunshine from day one. I’m deeply proud of what our incredible team has built, and grateful to Blackstone and Candle Media for their partnership and unwavering support. The best is still ahead.”

Mediawan has been on a spending spree, aggressively acquiring Hollywood assets of a certain pedigree. Recent acquisitions include Chernin Entertainment, Brad PItt’s Plan B and See-Saw Films. Mediawan’s other production labels include Kinetic Content, Wiedemann & Berg, Palomar, Our Films, Drama Republic, Chapter2 and Chi-Fou-Mi.

When Candle Media acquired Hello Sunshine in 201, their investment brought the company’s valuation to nearly $1 billion.