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Brad Pitt sells 60% of his Plan B production company to French media conglomerate Mediawan, sources say

The 92nd Oscars broadcasts dwell on Sunday, Feb. 9, 2020 on the Dolby Theatre at Hollywood & Highland Heart® in Hollywood and will probably be televised dwell on The ABC Tv Community at 8:00 p.m. EST/5:00 p.m. PST.

Craig Sjodin

Brad Pitt is promoting 60% of his manufacturing firm, Plan B Leisure, to French media conglomerate Mediawan in a deal that is set to be introduced this weekend, in accordance with individuals accustomed to the matter.

The deal, which has been signed, values Plan B within the tons of of tens of millions however beneath $500 million, stated 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 reminiscent of “As soon as Upon a Time in Hollywood” and “Struggle Membership,” based Plan B in 2001 along with his now ex-wife Jennifer Aniston and his then-manager Brad Gray, who died in 2017. Pitt grew to become the only real proprietor after he and Aniston divorced.

The manufacturing firm has helped make each films and TV collection over the previous twenty years, together with Academy Award-winning films reminiscent of “The Departed” and “12 Years a Slave.” It is produced a number of movies launched this 12 months, together with Netflix’s “Blonde,” a fictionalized take on Marilyn Monroe, and “She Stated,” 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.”

Impartial manufacturing studios have change into sizzling acquisition properties as massive media corporations construct out their streaming companies. Final 12 months, Reese Witherspoon sold a majority stake in Hello Sunshine to what would change 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 production company founded by Will Smith and Jada Pinkett Smith – earlier this year.

Mediawan is a content material studio that produces films 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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Inside Brad Pitt and Jennifer Aniston's former Beverly Hills home

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