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 »
How Reese Witherspoon Has Become The World's Richest ActressReese Witherspoon takes in huge fees for her roles on-screen—but it's a savvy business move that's rocketed her up the charts as the wealthiest actress in the world.
Read more »
How Reese Witherspoon Has Become The World's Richest ActressReese Witherspoon takes in huge fees for her roles on-screen—but it's a savvy business move that's rocketed her up the charts as the wealthiest actress in the world.
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 »