Apple Decided Not to Buy Reese Witherspoon's 'Hello Sunshine' Media Company

Reese Witherspoon's media company "Hello Sunshine" recently courted various buyers, and while Apple was one of parties interested in buying Hello Sunshine, the Cupertino company did not end up going through with the purchase.

themorningshowcarrell
Hello Sunshine was valued at around $900 million thanks to its involvement in popular series like The Morning Show," "Big Little Lies," and "Little Fires Everywhere," and it would have marked Apple's largest media purchase to date had a deal been established.

Instead, Hello Sunshine is being purchased by an upcoming media venture run by two former Disney executives backed by Blackstone Group. According to The Wall Street Journal, the purchase was made as part of a plan to build an independent entertainment company.

There is no word on how much was paid for Hello Sunshine, but Reese Witherspoon and current CEO Sarah Harden will join the board of the new company and will continue to operate it.

Though Apple did not purchase Hello Sunshine, the two companies will continue to work together. Hello Sunshine is responsible for "The Morning Show" and it is involved in multiple upcoming Apple TV+ projects including "Surface" starring Gugu Mbatha-Raw, "The Last Thing He Told Me" with Julia Roberts, and country music reality series "My Kind of Country."

Recent rumors have suggested that Apple is exploring other purchase opportunities and has expressed interest in film studio A24. A24 has developed hit movies like "Hereditary," "Moonlight," "Lady Bird," and "Midsommar," plus it already has a content deal with Apple.

A24 and Apple have partnered on "Mr. Corman" and "On the Rocks" along with and upcoming films "Sharper," "The Sky is Everywhere," "The Tragedy of Macbeth," "Bride," and more.

Top Rated Comments

Onelifenofear Avatar
12 months ago

Apple is out of its depth in Hollywood. Save this comment- Apple TV will not exist in three years. Netflix will own it.
Gibberish. 112 Award wins froom 379 Nomintations. Their viewing numbers are really pretty good too. The worst thing is being able to find the ATV+ stuff on their own app.
Score: 20 Votes (Like | Disagree)
WWP99 Avatar
12 months ago
Smart to avoid buying it.
Score: 15 Votes (Like | Disagree)
Onelifenofear Avatar
12 months ago

Hopefully the harbinger of Apple getting out of Hollywood soon.
Why… how exactly does It affect your life? You either watch stuff they produce or you ignore it.

I’ve completed or part watched:

The Morning show
Amazing Stories
Earth at Night
For all mankind
Little America
Long way Up
Mythic Quest
Schmigadoon
Ted Lasso
Tiny World
Trying
And the Kids stuff.

and they have All been very good to outstanding.

Some misses - See and Mosqunto coast were Disappointing.

And really looking forward to:
Foundation
Score: 15 Votes (Like | Disagree)
Jack Neill Avatar
12 months ago
I too, also declined to purchase the organization. It just wasn't a good fit for my portfolio in this fiscal quarter.
Score: 13 Votes (Like | Disagree)
FishyFish Avatar
12 months ago
****, this sucks so much for Reese. Hopefully she will be ok!
Score: 11 Votes (Like | Disagree)
cmaier Avatar
12 months ago

Apple is out of its depth in Hollywood. Save this comment- Apple TV will not exist in three years. Netflix will own it.
LOL. No.
Score: 11 Votes (Like | Disagree)

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