Reese Witherspoon's Hello Sunshine Cuts Half Its Staff After Mediawan Buyback

Hello Sunshine has laid off about 30 people, roughly half its staff, and closed its direct-to-consumer team, TheWrap reports, leaving the company focused on film and television, Reese's Book Club, social and digital marketing and partnerships. The cuts follow the 13 October buyback by Reese Witherspoon and French production group Mediawan from Candle Media, at a price TheWrap puts in the low to mid eight figures against the $900 million valuation Candle paid in 2021. Hello Sunshine declined to comment; it now sits among Mediawan's nearly 100 production labels, which include See-Saw Films and Palomar.