Brad Pitt’s Plan B, Mediawan Closing Deal for Majority Stake Sale

1 min


163
102 shares, 163 points

Brad Pitt’s Plan B Entertainment is on track to sell a majority stake to Mediawan, the pan-European media conglomerate. The deal is expected to close this weekend, Variety has confirmed.

Plan B Entertainment, which is run by Brad Pitt and Dede Gardner, hired Moelis & Co. to shop for a buyer or potential investors last month. The company was founded in 2001 by Pitt and Jennifer Aniston shortly after the pair married. Pitt eventually took over the banner after the two divorced in 2005. Its credits include “The Departed,” “Moonlight” and “12 Years a Slave,” all of which won the Oscar for best picture. The company recently produced “She Said,” a look at the journalists who broke the Harvey Weinstein story, as well as “Blonde,” an off-beat drama about Marilyn Monroe.

Mediawan was founded in 2015 by Pierre-Antoine Capton, telecom billionaire Xavier Niel and Matthieu Pigasse. The company, which is financially backed by New York-based private equity firm KKR,  has been ramping up its presence within the competitive English-language market through the acquisition (with Leonine Studios) of Drama Republic in the U.K. and recently announced a joint venture with “The Son” filmmaker Florian Zeller and former CAA executive Federica Sainte-Rose to launch an L.A.-based production vehicle called Blue Monday Pictures.

Mediawan already boasts a strong footprint in Europe with stakes in some of France’s most successful production banners, including Dimitri Rassam’s Chapter 2 (“The Three Musketeers”), Hugo Selignac’s Chi-Fou-Mi (“November”), ON Kids & Family (“Miraculous), Mon Voisin Production (“Call My Agent!”), and Italy’s Palomar (“The Name of the Rose”).

CNBC was first to report that a deal was imminent.

Source: Variety


Like it? Share with your friends!

163
102 shares, 163 points

What's Your Reaction?

Cute Cute
13
Cute
Fun Fun
5
Fun
Hate Hate
26
Hate
Confused Confused
16
Confused
Fail Fail
8
Fail
Geeky Geeky
2
Geeky
Love Love
21
Love
OMG OMG
16
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format