Reese Witherspoon’s Hello Sunshine has returned to the person who built it. In 2021, Candle Media acquired a controlling stake in the production company at a valuation of more than $900 million, a deal shaped by the peak of the streaming boom and the growing demand for premium, female-led stories. Five years later, Witherspoon has partnered with Paris-based Mediawan to buy the company back for a reported low- to mid-eight-figure amount, according to Axios.
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