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Craig Sjodin
Brad Pitt is promoting 60% of his manufacturing firm, Plan B Entertainment, to French media conglomerate Mediawan in a deal that is set to be introduced this weekend, based on individuals conversant in the matter.
The deal, which has been signed, values Plan B within the a whole lot of tens of millions however under $500 million, mentioned the individuals, who requested to not be named as a result of the discussions are personal. Neither Plan B nor Mediawan responded to requests for remark.
Pitt, the Oscar-winning star of movies resembling “Once Upon a Time in Hollywood” and “Fight Club,” based Plan B in 2001 together with his now ex-wife Jennifer Aniston and his then-manager Brad Grey, who died in 2017. Pitt grew to become the only proprietor after he and Aniston divorced.
The manufacturing firm has helped make each motion pictures and TV collection over the previous 20 years, together with Academy Award-winning motion pictures resembling “The Departed” and “12 Years a Slave.” It’s produced a number of movies launched this yr, together with Netflix’s “Blonde,” a fictionalized tackle Marilyn Monroe, and “She Said,” which detailed The New York Times’ investigation of sexual assault in Hollywood.
For TV, Plan B’s productions have included HBO’s 2014 adaptation of “The Normal Heart,” directed by Ryan Murphy, and Amazon Prime Video’s 2021 miniseries “The Underground Railroad.”
Independent manufacturing studios have turn into sizzling acquisition properties as giant media corporations construct out their streaming companies. Last yr, Reese Witherspoon offered a majority stake in Hello Sunshine to what would turn into Candle Media, based by Disney veterans Kevin Mayer and Tom Staggs, in a deal that valued the corporate at $900 million. Candle Media additionally acquired a minority stake in Westbrook Inc. — the manufacturing firm based by Will Smith and Jada Pinkett Smith – earlier this yr.
Mediawan is a content material studio that produces motion pictures and TV collection in Europe and the U.S. It owns greater than 60 manufacturing labels and was co-founded by Chairman Pierre Antoine-Capton.
The boutique funding financial institution Moelis led the sale for Plan B. A spokesperson for Moelis declined to remark.
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