Home Production company Reese Witherspoon cried after selling production company Hello Sunshine for $ 900 million – Everett Post

Reese Witherspoon cried after selling production company Hello Sunshine for $ 900 million – Everett Post

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Reese witherspoon flirted with billionaire status when she sold her production company, Hello Sunshine, for $ 900 million in August.

Talk to In the style, the 45-year-old actress explained that selling her business was not a decision she made lightly.

“It was two, maybe three months of negotiating over the phone all day. Calls at one in the morning, ”said Witherspoon, who added,“ I didn’t know much about private equity. I had never sold a business in my life. I have learned so much.

The Legally Blonde star said it was very bittersweet to say goodbye to Hello Sunshine.

“I cried. I cried, and I thought about my grandmother, and I cried some more. I thought about all the women who didn’t have these opportunities, and I thought about myself. feel really lucky to stand on a path that other women have created for me, ”Witherspoon recalls.

Hello Sunshine was more than her baby, she adds. The company has helped her break the stereotype that stories about women – and told by women – are neither profitable nor interesting.

The company has produced hit movies and TV shows, including Gone Girl, Big Little Lies, The Morning Show, and Little Fires Everywhere, which put all women front and center.

So, when negotiating the final sale of her business, Witherspoon said, “I was very clear about what the stories of women mean in a market. So that had to be a number that meant it was big business because women are big business. Female audiences are big business. Female directors are big business. You can’t ignore half of the world’s population and say it doesn’t matter economically; they do.”

Witherspoon will still oversee the day-to-day operations of Hello Sunshine, along with the CEO Sarah harden, and they will both remain significant shareholders.

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