World's richest actress revealed:
Reese Witherspoon’s decision to bet on herself and women-led stories is paying off richly: The actress is now worth $400 million,estimates, following Monday morning’s news that a Blackstone-backed media company is purchasing a majority stake in her production company Hello Sunshine.
Prior to the #MeToo movement and widespread calls for gender equity in show business, Witherspoon was frustrated by the roles offered to her and the dearth of women-led stories in Hollywood. In 2012, she founded Pacific Standard, which produced the films. In 2016, her production efforts morphed into Hello Sunshine. The company has a number of projects in development, including the forthcoming Netflix series, starring Julia Roberts.
This hunger for marquee entertainment brands that can stand out in an increasingly cluttered streaming landscape is what fueled Amazon’s $8.45 billion bid to acquire MGM, home of James Bond, Robocop and Rambo; and smaller but notable transactions like Universal Pictures’ $400 million-plus deal to create a new movie trilogy based on the classicMayer and Staggs saw an opportunity in Witherspoon’s Hello Sunshine, whose major stakeholder, AT&T, is looking to exit the entertainment business.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reese Witherspoon Sells Hello Sunshine Production CompanyActor and producer Reese Witherspoon sold the majority stake of her production company Hello Sunshine for an estimated $900 million.
Read more »
Reese Witherspoon Sells Hello Sunshine Production CompanyActor and producer Reese Witherspoon sold the majority stake of her production company Hello Sunshine for an estimated $900 million.
Read more »
Cindy Crawford’s Net Worth Revealed: How The Original Beauty Influencer Became The World’s Richest SupermodelI cover the intersection of Hollywood and money—that's everything from media moguls to the highest-paid actors to YouTube stars. When my reporting isn't taking me to Hollywood restaurants and Atlanta's movie lots, I'm writing about the world's richest, including billionaires and self-made women entrepreneurs. Prior to Forbes, I wrote about media, food and education for the New York Observer, and about the New York shopping scene for Racked. Follow me on Twitter MadelinePBerg. Have tips? Send them to me anonymously at forbes.com/tips, and submit sensitive documents anonymously and securely at SafeSource.forbes.com.
Read more »
Belle du Jour | Vanity Fair | June 2002Reese Witherspoon might have been just a beautiful, frighteningly capable southern debutante, but at age six she decided she wanted to act. Now she's a beautiful, frighteningly capable movie star, whose most recent picture, Legally Blonde, earned her a $7 million raise. Between aerial cartwheels, she tells KRISTA SMITH about being the lone American in The Importance of Being Earnest, learning not to push herself too fast, and starting a family with Ryan Phillippe
Read more »