{"id":153403,"date":"2022-12-10T02:20:09","date_gmt":"2022-12-10T02:20:09","guid":{"rendered":"https:\/\/harchi90.com\/brad-pitt-puts-plan-b-in-motion-with-sale-to-french-media-group\/"},"modified":"2022-12-10T02:20:09","modified_gmt":"2022-12-10T02:20:09","slug":"brad-pitt-puts-plan-b-in-motion-with-sale-to-french-media-group","status":"publish","type":"post","link":"https:\/\/harchi90.com\/brad-pitt-puts-plan-b-in-motion-with-sale-to-french-media-group\/","title":{"rendered":"Brad Pitt puts Plan B in motion with sale to French media group"},"content":{"rendered":"
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Brad Pitt’s Plan B Entertainment, the acclaimed Hollywood producer behind moonlight<\/em> and The Big Short<\/em>has been bought by France’s Mediawan in a rare transatlantic deal that values \u200b\u200bthe US group at more than $300mn in cash and shares.<\/p>\n
Pitt told the Financial Times that the Oscar-winning company he co-founded in the early 2000s was \u201calready bulging out of the seams of our little garage\u201d and was ready to expand with the backing of Mediawan, a content group backed by three of France’s most prominent media investors.<\/p>\n
\u201cWe weren’t going to do this unless we found like-minded partners. We certainly feel that way with Mediawan,\u201d Pitt said. \u201cWe have always just concentrated on the craft, the art, the artisans, and the opportunity to be able to do that in a grander and more global way is exciting for us.\u201d<\/p>\n
Mediwan’s acquisition of one of the most prized assets in Hollywood’s independent production sector represents the most significant French dealmaking foray into Hollywood since Vivendi’s acquisition of Universal Studios in 2001.<\/p>\n
The privately held Mediawan, whose titles include Call My Agent<\/em> and The Three Musketeers<\/em>, was founded in 2015 by the telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and television executive Pierre-Antoine Capton. It has grown rapidly in Europe in recent years by snapping up small to mid-sized production houses in places from Spain to Germany, and is now making its first foray into the US.<\/p>\n
Chief executive Pierre-Antoine Capton cast the deal as a strategic shift as Mediawan seeks to go global. \u201cPlan B is the best independent producer in the US, so I wouldn’t have wanted anything else to help us grow,\u201d he told the FT.<\/p>\n