Hello Sunshine Acquisition, Valuation, Funding & Investors
Hello Sunshine was acquired by Blackstone for $1.8B in August 2021.
Cumulative funding Hello Sunshine raised
$5M
across 1 funding round
Key investors in Hello Sunshine
Alphabet
TCG
About Hello Sunshine
Hello Sunshine is a Los Angeles-based media production company that develops content highlighting female perspectives across film, television, podcasts, and digital platforms. It has produced series such as Big Little Lies for HBO, The Morning Show for Apple TV+, and Little Fires Everywhere for Hulu, alongside films like Where the Crawdads Sing. The company partners with streaming services including Netflix and Amazon Prime Video to adapt books by authors like Delia Owens and Celeste Ng. Hello Sunshine extends its reach through Shine Audio for narrative podcasts and social media storytelling initiatives.
Founded
2016
HQ
Los Angeles, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$12M (Dec 2020)
Hello Sunshine Acquisition
Hello Sunshine was acquired by Blackstone for $1.8B on 2 August 2021.
Before the acquisition Hello Sunshine had raised $5M across 1 funding round.
Hello Sunshine, founded by Reese Witherspoon in 2016, is a mission-driven media company focused on producing content centered on women's stories, including HBO’s “Big Little Lies,” Hulu’s “Little Fires Everywhere,” and Apple’s “The Morning Show.” In August 2021, it received a majority investment from a newly formed media company led by former Disney executives Kevin Mayer and Tom Staggs, backed by Blackstone's private equity business. The deal valued Hello Sunshine at $900 million, with over $500 million in cash paid to existing investors like AT&T and Emerson Collective, while Witherspoon, CEO Sarah Harden, and others rolled over equity into the new entity. Blackstone positioned the investment as supporting high-quality, female-focused content amid growing demand, with Hello Sunshine as a cornerstone for the new company's strategy to build creator-friendly brands at the intersection of content, community, and commerce. Mayer and Staggs planned to pursue additional media roll-ups, with talks involving entities like SpringHill and Imagine, though Hello Sunshine would continue partnering with external studios. The transaction, advised by Goldman Sachs for Hello Sunshine and Gibson Dunn for Blackstone, was subject to customary closing conditions and drew interest from multiple private equity firms and streamers beforehand.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 2 Aug 2021 | PE buyout | $1.8B |
Hello Sunshine Valuation
Hello Sunshine is currently valued at $12M, based on its Series A in December 2020.
The $5M round was led by Alphabet, with participation from TCG.
Hello Sunshine valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2020 | Series A | $12M |
Hello Sunshine Funding History
Hello Sunshine has raised a total of $5M across 1 funding round.
Hello Sunshine funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Dec 2020 | Series A | Alphabet (lead); TCG | $5M | $12M |
Who has invested in Hello Sunshine?
2 investors have backed Hello Sunshine across its funding rounds, including Alphabet and TCG.
Lead investors include Alphabet.
Hello Sunshine Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Hello Sunshine investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Hello Sunshine
Hello Sunshine has acquired 1 company to date.
Last acquisition by Hello Sunshine was on February 23rd 2022. Hello Sunshine acquired The Home Edit for undisclosed valuation.
Latest Acquisitions by Hello Sunshine
| Description | The Home Edit is a Nashville-based organization and lifestyle brand that designs custom storage systems for homes. It transforms closets, pantries, and garages using color-coded bins and acrylic containers featured on Netflix's Get Organized with The Home Edit. Founded in 2015 by Clea Shearer and Joanna Teplin, the firm serves celebrities and expands through product lines at retailers like Target. |
| HQ Country | |
| HQ City | Nashville, TN |
| Deal Date | 23 Feb 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Hello Sunshine acquisitions and their M&A valuation multiples. Start Free Trial | |
Hello Sunshine Competitors
Hello Sunshine competitors include listed companies like Saregama India and MNC Digital Entertainment, and private ones like Quibi, Spotter, Create Music Group and Minute Media.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Private | - | - | $1.8B | - | |
| Los Angeles, CA | Private | - | - | $2B | - | |
| Los Angeles, CA | Private | - | - | $2.2B | - | |
 London | Private | $300M | - | $1B | 3.3x | |
 India | Publicly listed | $100M | $36M | $979M | 8.6x | |
 Indonesia | Publicly listed | $216M | $73M | $1B | - |
Hello Sunshine Public Comps
Hello Sunshine is no longer listed, but its public comps include Vivendi, Alibaba Pictures Group, Emtek, Visual China Group, Groupe M6, MBC Group, Skyworth Digital, Alpha, TF1 and Xinhua Winshare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $354M | $161M | 8.9x | 8.7x | 19.6x | (216.0x) | |||
| $1.2B | $133M | 0.7x | 0.7x | 6.2x | 6.0x | |||
| $1.1B | $543M | 1.2x | 1.2x | 2.4x | 13.4x | |||
| $116M | $21M | 13.9x | 14.6x | 75.6x | 38.9x | |||
| $1.4B | $337M | 1.2x | 1.2x | 5.3x | 6.3x | |||
| $1.4B | $136M | 1.0x | 1.0x | 10.3x | 17.4x | |||
| $1.3B | $37M | 1.4x | - | 47.5x | - | |||
| $369M | $28M | 5.2x | - | 67.8x | - | |||
This data is available for Pro users. Sign up to see all Hello Sunshine competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hello Sunshine
| When was Hello Sunshine founded? | Hello Sunshine was founded in 2016. |
| Where is Hello Sunshine headquartered? | Hello Sunshine is headquartered in Los Angeles, CA, United States. |
| Is Hello Sunshine publicly listed? | No, Hello Sunshine was acquired by Blackstone in August 2021. |
| Who acquired Hello Sunshine? | Hello Sunshine was acquired by Blackstone in August 2021. |
| How much was Hello Sunshine acquired for? | Hello Sunshine was acquired for $1.8B in August 2021. |
| What is Hello Sunshine's valuation? | Hello Sunshine was last valued at $12M in its Series A in December 2020. |
| How much funding has Hello Sunshine raised? | Hello Sunshine has raised $5M across 1 funding round. |
| What was Hello Sunshine's last funding round? | Hello Sunshine's last funding round was a $5M Series A in December 2020, led by Alphabet. |
| Who are Hello Sunshine's investors? | Hello Sunshine's investors include TCG and Alphabet. |
| Which companies are comparable to Hello Sunshine? | Companies comparable to Hello Sunshine include Quibi, Spotter, Create Music Group, Minute Media, Saregama India and MNC Digital Entertainment. |
| How many companies has Hello Sunshine acquired? | Hello Sunshine has acquired 1 company, including The Home Edit. |
See companies similar to Hello Sunshine
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