Home / Arts and Entertainment / Department M in Talks to Acquire Stake in Neon
Department M in Talks to Acquire Stake in Neon
18 Feb
Summary
- Department M is negotiating to buy a significant stake in Neon.
- Neon is the Oscar-winning studio behind 'Parasite' and 'Anora'.
- A consortium of private investors is backing Department M's offer.
Department M, a production company established two years ago, is currently in negotiations for a significant investment in Neon, the celebrated studio responsible for films such as 'Parasite' and 'Anora'.
This potential acquisition is backed by a consortium of private investors. These same investors initially financed Department M when it was founded in 2024.
Neon boasts an impressive recent filmography, including Joachim Trier's 'Sentimental Value', Jafar Panahi's Palme d'Or winner 'It Was Just An Accident', and Park Chan-wook's 'No Other Choice'.
Both Department M and Neon have opted not to comment on the specifics of these ongoing discussions.
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