Her production company, Hello Sunshine, is valued at about $900 million. On the film side, Hello Sunshine is adapting the best-selling novel Where the Crawdads Sing. “I started this company to change the way all women are seen in media,” Witherspoon said in a statement. Hello Sunshine will serve as the cornerstone of the new media company created by Mayer and Staggs. Mayer and Staggs saw an opportunity in Witherspoon’s Hello Sunshine, whose major stakeholder, AT&T, is looking to exit the entertainment business.

Source: Forbes August 02, 2021 17:48 UTC