2024 was a rough year for celebrity production companies in Hollywood and their private-equity backers
Reese Witherspoon.
Jon Kopaloff/Getty Images
- Some celebrity-led production companies struggled in 2024 as Hollywood cut spending.
- Investments by firms like Blackstone and RedBird were hampered by market shifts.
- Despite headwinds, companies like LuckyChap could thrive by diversifying beyond their famous founders.
2024 was a bad year for the TV and film business — and was particularly hard for a set of celebrity-backed production companies that previously raised...
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