{"id":152893,"date":"2022-12-09T14:35:05","date_gmt":"2022-12-09T14:35:05","guid":{"rendered":"https:\/\/harchi90.com\/brad-pitt-sells-majority-of-plan-b-production-company-to-mediawan\/"},"modified":"2022-12-09T14:35:05","modified_gmt":"2022-12-09T14:35:05","slug":"brad-pitt-sells-majority-of-plan-b-production-company-to-mediawan","status":"publish","type":"post","link":"https:\/\/harchi90.com\/brad-pitt-sells-majority-of-plan-b-production-company-to-mediawan\/","title":{"rendered":"Brad Pitt sells majority of Plan B production company to Mediawan"},"content":{"rendered":"
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The 92nd Oscars broadcasts live on Sunday, Feb. 9, 2020 at the Dolby Theater at Hollywood & Highland Center\u00ae in Hollywood and will be televised live on The ABC Television Network at 8:00 pm EST\/5:00 pm PST.<\/p>\n

Craig Sjodin<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Brad Pitt is selling 60% of his production company, Plan B Entertainment, to French media conglomerate Mediawan in a deal that’s set to be announced this weekend, according to people familiar with the matter.<\/p>\n

The deal, which has been signed, values \u200b\u200bPlan B in the hundreds of millions but below $500 million, said the people, who asked not to be named because the discussions are private. Neither Plan B nor Mediawan responded to requests for comment.<\/p>\n

Pitt, the Oscar-winning star of films such as “Once Upon a Time in Hollywood” and “Fight Club,” founded Plan B in 2001 with his now ex-wife Jennifer Aniston and his then-manager Brad Gray, who died in 2017 Pitt became the sole owner after he and Aniston divorced.<\/p>\n

The production company has helped make both movies and TV series over the past two decades, including Academy Award-winning movies such as “The Departed” and “12 Years a Slave.” It’s produced several films released this year, including Netflix’s “Blonde,” a fictionalized take on Marilyn Monroe, and “she She Said,” which detailed The New York Times ‘investigation of sexual assault in Hollywood.<\/p>\n

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.”<\/p>\n

Independent production studios have become hot acquisition properties as large media companies build out their streaming services. Last year, Reese Witherspoon sold a majority stake in Hello Sunshine to what would become Candle Media, founded by Disney veterans Kevin Mayer and Tom Staggs, in a deal that valued the company at $900 million. Candle Media also acquired a minority stake in Westbrook Inc. \u2014 the production company founded by Will Smith and Jada Pinkett Smith \u2013 earlier this year.<\/p>\n

Mediawan is a content studio that produces movies and TV series in Europe and the US It owns more than 60 production labels and was co-founded by Chairman Pierre Antoine-Capton.<\/p>\n

The boutique investment bank moelis