Brad Pitt’s Plan B Exploring Options, Including Sale
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Plan B, the Oscar-winning producer of 12 Years a Slave, The Departed and Moonlight and current awards-season movies Blonde and She Said is exploring deals with potential investors, including an outright sale.
Deadline has confirmed that global independent investment bank Moelis & Co. was hired by Plan B six months ago to shop for possible investors. We’ve heard that Plan B received numerous offers, but it’s all exploratory.
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Brad Pitt’s Plan B Entertainment is run by President Dede Gardner and Co-President Jeremy Kleiner.
Plan B was launched in late 2001 between Pitt and his then-spouse Jennifer Aniston. When the duo divorced, Pitt took over the label in 2005.
Plan B has been behind several notable movies including Ad Astra, Vice, The Big Short, World War Z and If Beale Street Could Talk.
On the TV side, the company won an Emmy for HBO’s limited series The Normal Heart and landed nominations for Feud: Bette and Joan, documentary Big Men and TV movie Nightingale.
Several boutique production companies have nabbed big investors of late, i.e. Kevin Mayer and Tom Stagss’ Candle Media, which picked up Reese Witherspoon’s Hello Sunshine for $100 million shy of $ 1 billion, A24 getting a $225 million investment with Stripes as the led investor. Parasite Oscar winner NEON recently tapped Merchant Bank Raine in exploring a possible sale.
Wall Street Journal first reported the news.
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