Sources confirmed that Brad Pitt sold 60% of the shares of his production company, Plan B Entertainment, to the French company Mediawan, in a deal that is expected to be announced at the end of this week.
The home of Plan B Entertainment, the famous Hollywood sign behind it moon light and the big short, It was purchased by Mediawan for over $300 million in cash and stock.
The fight club The actor founded Plan B in 2001 with his ex-wife Jennifer Aniston and former manager Brad Gray, who passed away in 2017. Pitt became the sole owner after his divorce from Aniston.
The production company has helped produce films and TV series over the past two decades, including Oscar-winning films such as Deceased and 12 years of slavery.
The company has produced several films that have been released this year, including Netflix blonde said.
Speaking to the Financial Times, Pitt said the business was “already swelling from the seams of our tiny garage” and was poised to grow with the backing of Mediawan, a content group backed by three of France’s largest media investors.
“We wouldn’t do this if we couldn’t find like-minded partners. We definitely feel the same with MediaOne,” Pete said.
“We have always focused on craftsmanship, art and artisans, and the possibility of being able to do that in a broader and more holistic way is exciting for us.”