Plan B Entertainment, the award-winning company co-founded by Brad Pitt, is in talks to sell a significant stake to French media group Mediawan.
13.10.2022 - 01:45 / deadline.com
The Oscar winning producer of 12 Years a Slave, The Departed and Moonlight and recent awards season movies like Blonde and She Said, is exploring deals with potential investors, including an outright sale.
Deadline has confirmed that global independent investment bank Moelis & Co. was hired by Plan B six months ago to shop for possible investors. We’ve heard that Plan B received numerous offers, however, it’s all exploratory.
Brad Pitt’s Plan B Entertainment is run by President Dede Gardner and Co-President Jeremy Kleiner.
Plan B was launched in late 2001 between Pitt and former spouse/actress Jennifer Aniston. When the duo divorced, Pitt took over the label in 2005.
Plan B has been behind several notable movies including Ad Astra, Vice, The Big Short, World War Z and If Beale Street Could Talk.
On the TV side, the company won a Primetime Emmy Award for HBO’s limited series The Normal Heart and landed Emmy nominations for Feud: Bette and Joan, documentary Big Men and TV movie Nightingale.
Several boutique production companies have nabbed big investors of late, i.e. Kevin Mayer and Tom Stagss’ Candle Media, which picked up Reese Witherspoon’s Hello Sunshine for $100 million shy of $ 1 billion, A24 getting a $225 million investment with Stripes as the led investor.Parasite Oscar winnerNEON recently tapped Merchant Bank Raine in exploring a possible sale.
Wall Street Journal first reported the news.
Plan B Entertainment, the award-winning company co-founded by Brad Pitt, is in talks to sell a significant stake to French media group Mediawan.
While Brad Pitt and Angelina Jolie’s relationship hits an all-time low as they continue to battle it out in the divorce courts, Brad has managed to annoy his other ex-wife, Jennifer Aniston. The revelation that Brad’s planning on selling his production company Plan B – which he set up with the Friends actress – for a huge payout has left her demanding a cut of the profits.An insider tells heat, “This is not just about money.
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Gwyneth Paltrow says her husband "totally respects" her friendship with ex Brad Pitt. The 50-year-old actress - who got engaged to the 'Bullet Train' star in 1996 before they called time on their relationship later the same year - became close again after a few years, and her husband Brad Falchuk has accepted them staying close. Speaking to 'Entertainment Tonight', she said: "When we first broke up, we weren't friends for a while and then we sort of found our way back, probably about 18 or 19 years ago, something like that, and then just kind of stayed in touch over the years.
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Cynthia Littleton Business Editor “Blonde” producer Plan B Entertainment is looking for a new blueprint. The production banner run by Brad Pitt and Dede Gardner has tapped Moelis & Co. to shop for a buyer or potential investors. The company has a first-look deal for TV with Amazon Studios and a pact with MGM Studios for film. Reps for Moelis & Co. declined comment. Reps for Plan B could not immediately be reached for comment. Plan B was hatched in late 2001 as a partnership between Pitt and actor Jennifer Aniston, about four months after the two were married in July 2001. Pitt eventually took over the venture after the pair split in 2005.
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Brad Pitt has responded to allegations by ex-wife Angelina Jolie of violence and abuse towards her and their children, insisting he is “not going to own anything he didn’t do”. Jolie, 47, has accused the Hollywood actor of pouring wine and beer over their children’s heads and “choking” one during an alleged outburst on a private jet flight from France to Los Angeles. She claims Pitt, 58, pushed her against the wall during a confrontation in the plane’s bathroom, and says the incident ended their marriage.
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Angelina Jolie and Brad Pitt called it quits in 2016, but the incident that led to their split has remained contentious years after their divorce.