Reese Witherspoon sold control of Hello Sunshine at a $900 million valuation in 2021; five years later, she has teamed with Mediawan to buy the company back at a reported fraction of that price
Reese WitherspoonRodin Eckenroth/FilmMagic Reese Witherspoon’s Hello Sunshine has returned to the person who built it. In 2021, Candle Media acquired a controlling stake in the production company at a valuation of more than $900 million, a deal shaped by the peak of the streaming boom and the growing demand for premium, female-led stories. Five years…