January 30, 2023

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Agreement worth 3 billion - E24

Agreement worth 3 billion – E24

The Oscar-winning production company Plan B is now being sold to France’s Mediawan.

Actor Brad Pitt founded the production company Plan B in 2001 with then-girlfriend Jennifer Aniston and manager Brad Gray.
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Pitt’s critically acclaimed production company, Plan B, is behind blockbusters like “Moonlight” and “The Big Short.”

Now the actor is selling 60 percent of the company to the French media conglomerate Mediawan.

Many international media have sources saying that the company is worth $300 million. This corresponds to about NOK 3 billion.

The agreement will be that Pete and his partners Dede Gardner and Jeremy Kleiner, who run the production company on a day-to-day basis, will continue with the company.

Read on E24+

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He thinks the gold rush has stagnated

Plan B was started in 2001 by Brad Pitt, his then-girlfriend Jennifer Aniston, and manager Brad Gray. Pitt became the sole owner after the divorce from Aniston.

Pete told financial times that the company he founded in the early 2000s “was too big for our small garage”.

Three films, “The Departed”, “12 Years a Slave” and “Moonlight”, won the Oscar for Best Picture. New films include Marilyn Monroe’s “Blonde” and “She Said,” a film about New York Times reporters who helped expose the crimes of film producer Harvey Weinstein.

At the same time, Pete says he feels the company’s gold rush has somewhat stagnated.

– We would be properly grateful. “We felt Mediwan did it,” Pitt tells the Financial Times.

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Brad Pitt is the sole owner of Plan B after his divorce from Jennifer Aniston.

corporate purchase

French media house Mediawan is behind productions like “Call My Agent” and “The Three Musketeers,” and was founded in 2015 by billionaire Xavier Niel, investor Mathieu Bigas, and TV producer Pierre-Antoine Capton.

The company has grown rapidly in recent years and several medium-sized production companies have been acquired, in Spain and Germany, among others.

Plan B is the first American production company Mediawan to attempt.

Plan B is the best independent production company in the US, says Mediawan CEO Pierre-Antoine Capton FT.

Read on E24+

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acquisition direction

The Wall Street Journal He writes that the acquisition is one of several in which big media houses are doing business with smaller production companies that started out with established Hollywood names.

Last year, Candle Media, the private entertainment company run by former Disney CFO Kevin Mayer and Tom Staggs, bought Reese Witherspoon’s Hello Sunshine production company for $900 million. Hello Sunshine is, among other things, behind “The Morning Show” on Apple TV+.

Candle Media also bought a smaller part of the Westbrook company owned by Will Smith and Jada Pinkett-Smit.

Read on E24+

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