Brad Pitt sells 60% of his Plan B production company to French media conglomerate Mediawan, sources say - CNBC

Brad Pitt is selling 60% of his accumulation company, Plan B Entertainment, to French media conglomerate Mediawan successful a woody that's acceptable to beryllium announced this weekend, according to radical acquainted with the matter.

The deal, which has been signed, values Plan B successful the hundreds of millions but beneath $500 million, said the people, who asked not to beryllium named due to the fact that the discussions are private. Neither Plan B nor Mediawan responded to requests for comment.

Pitt, the Oscar-winning prima of films specified arsenic "Once Upon a Time successful Hollywood" and "Fight Club," founded Plan B successful 2001 with his present ex-wife Jennifer Aniston and his then-manager Brad Grey, who died successful 2017. Pitt became the sole proprietor aft helium and Aniston divorced.

The accumulation institution has helped marque some movies and TV bid implicit the past 2 decades, including Academy Award-winning movies specified arsenic "The Departed" and "12 Years a Slave." It's produced respective films released this year, including Netflix's "Blonde," a fictionalized instrumentality connected Marilyn Monroe, and "She Said," which elaborate The New York Times' probe of intersexual battle successful Hollywood.

For TV, Plan B's productions person included HBO's 2014 adaptation of "The Normal Heart," directed by Ryan Murphy, and Amazon Prime Video's 2021 miniseries "The Underground Railroad."

Independent accumulation studios person go blistery acquisition properties arsenic ample media companies physique retired their streaming services. Last year, Reese Witherspoon sold a bulk involvement successful Hello Sunshine to what would go Candle Media, founded by Disney veterans Kevin Mayer and Tom Staggs, successful a woody that valued the institution astatine $900 million. Candle Media besides acquired a number involvement successful Westbrook Inc. — the accumulation institution founded by Will Smith and Jada Pinkett Smith – earlier this year.

Mediawan is simply a contented workplace that produces movies and TV bid successful Europe and the U.S. It owns much than 60 accumulation labels and was co-founded by Chairman Pierre Antoine-Capton.

The boutique concern slope Moelis led the merchantability for Plan B. A spokesperson for Moelis declined to comment.

WATCH: Brad Pitt and Jennifer Aniston's erstwhile Beverly Hills location is for merchantability for $49 million