Which production company is in talks to acquire a stake in Neon?

Department M, founded by Mike Larocca and Michael Schaefer, is in talks to acquire a major stake in Neon.

What kind of films does Neon distribute?

Neon distributes critically acclaimed and award-winning films, including best picture winners like "Anora" and "Parasite," as well as international and genre titles.

Who is backing Department M's potential acquisition of Neon?

Department M is backed by a consortium of private investors, including Forta Advisors.

Home / Arts and Entertainment / Neon Faces Major Stake Acquisition Talks

Neon Faces Major Stake Acquisition Talks

19 Feb

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Summary

Department M is in talks to acquire a significant stake in Neon.
Department M is backed by private investors including Forta Advisors.
Neon is known for distributing award-winning films like Parasite and Anora.

Neon Faces Major Stake Acquisition Talks

Production company Department M is reportedly in negotiations to acquire a significant stake in film distributor Neon. Department M, founded by Mike Larocca and Michael Schaefer, receives backing from a consortium of private investors, including Forta Advisors. Larocca, a former associate of the Russo Brothers, and Schaefer, an Oscar-nominated producer, have established Department M with a slate that includes "The Christophers," distributed by Neon.

Neon has established itself as a key player in the specialty film market since its founding in 2017. The company has a strong track record of distributing critically acclaimed and award-winning films, including best picture winners "Anora" and "Parasite," as well as successful international and genre titles. Neon has previously explored sale possibilities, underscoring its value in the independent film landscape.

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