Brad Pitt’s Plan B Entertainment has closed a deal sell a majority stake to Mediawan, the pan-European media conglomerate.
The parties issued a press release confirming they had entered into a “definite agreement” for Mediawan to buy a “significant stake” in Plan B. Under the pact, which values the company over $300 million, Plan B is also taking a stake in Mediawan.
Plan B Entertainment, which is run by Brad Pitt and Dede Gardner, hired Moelis & Co. to shop for a buyer or potential investors in October. The banner was founded in 2001 by Pitt and Jennifer Aniston shortly after the pair married. Pitt eventually took over the banner after the two divorced in 2005. Its credits include “The Departed,” “Moonlight” and “12 Years a Slave,” all of which won the Oscar for best picture. The company recently produced “She Said,” a look at the journalists who broke the Harvey Weinstein story, as well as “Blonde,” an off-beat drama about Marilyn Monroe.
Category: plan b
Bong Joon Ho’s ‘Mickey 17,’ with Robert Pattinson, Set for 2024 Release Date
Warner Bros. shared a first look at Bong Joon Ho’s upcoming “Mickey 17,” set to be released on March 29, 2024. “Mickey 17” is currently in production and is directed, produced, and scripted by Bong, adapted from Edward Ashton’s novel “Mickey 7.”
Pattinson stars as the titular Mickey, who is an Expendable: a disposable employee on a human expedition sent to colonize the ice world Niflheim. Whenever a mission is too dangerous — even suicidal — the crew turns to Mickey. After one iteration dies, a new body is regenerated with most of his memories intact.
The film is produced by Brad Pitt’s Plan B Entertainment, Dooho Choi of Kate Street Picture Company, and Bong under his Offscreen, Inc. banner.
Andrew Dominik Says Brad Pitt Is Responsible For Breaking Him Out Of “Director Jail” But Thinks ‘Blonde’ Might Put Him There Again
Speaking at the Red Sea Film Festival (via Variety), Andrew Dominik talked about the critical reception of “Blonde,” once again. And though he knows that critics and some film fans weren’t excited by his new film, he’s very thankful that Brad Pitt, the man behind Plan B films, was there to break him out of “director jail” and let him make the film.
“I spend a lot of time in director jail, then my friend Brad Pitt comes down and talks to the parole board and convinces them to let me out,” said Dominik. “Then I just go out and re-offend again, I’m incorrigible.”
Brad Pitt’s Plan B Is Said in Deal Talks With France’s Mediawan
Actor Brad Pitt’s Plan B Entertainment, the production company behind films like Moonlight and The Big Short, is in talks to sell a significant stake to French media conglomerate Mediawan, according to people with knowledge of the matter.
The company has received bids from a few potential investors, said the people, who asked not to be identified discussing private negotiations. Mediawan, which has been backed by KKR & Co., is the front-runner. Plan B is expected to make a final decision in the next couple of weeks. Talks could still fall apart, and another bidder could still win.
Brad Pitt’s Plan B Seeking Potential Buyer
Plan B — the Oscar-winning banner run by Brad Pitt, Dede Gardner and Jeremy Kleiner — is seeking a potential buyer. The Moonlight and Minari shingle has tapped Moelis & Co. to shop for a buyer or potential investors.
Moelis & Co. declined to comment. Plan B reps could not be reached for comment.
Plan B has become an awards season regular with credits that include 12 Years a Slave, Selma and The Big Short, along with blockbuster titles like World War Z. This year, the company is behind MGM’s Women Talking, Universal’s She Said, Netflix’s Blonde and HBO Max’s Father of the Bride. (Plan B was started in the early 2000s by Pitt and then-wife Jennifer Aniston, with Pitt taking over the company after the couple divorced.)
In TV, Plan B’s credits include HBO’s The Normal Heart and Amazon’s The Underground Railroad, which reunited the company with Moonlight director Barry Jenkins.
Plan B has a first-look deal for TV with Amazon Studios and a features deal with MGM.
This news of Plan B’s search for a potential buyer comes as top-tier Hollywood production banners are courting big bucks for outright acquisitions and major numbers for equity investments.