![]() "The US production houses are all going to be a similar story to Hello Sunshine I think you overpay because that's the most expensive IP on planet earth," Sebastian Blum, partner at OC&C Strategy Consultants, told Insider. The Information reported in July that SpringHill was exploring a sale that could value it at $750 million.īut three industry sources who specialize in M&A told Insider that international production companies could offer buyers more bang for their buck, given the high valuations for US companies. The reported valuation, which the companies have not confirmed, raises the profile of US production houses like LeBron James' SpringHill Entertainment. The New York Times reported on Tuesday that Witherspoon agreed to sell the shop behind Apple TV+'s "The Morning Show" and Hulu's "Little Fires Everywhere," at a $900 million valuation, to a company backed by investment firm Blackstone Group and led by former Disney executives Kevin Mayer and Tom Staggs. Reese Witherspoon's Hello Sunshine is fueling chatter about other potential deals for star-powered and influential production houses, in the US and abroad. See more stories on Insider's business page. ![]() We created a short list of the kinds of international companies that could be compelling targets.Sources told Insider international production houses could offer buyers more bang for their buck.Reese Witherspoon's sale of Hello Sunshine is fueling chatter about other potential deals.
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