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French media company Mediawan has bought a majority stake in US film star Brad Pitt´s production house Plan B Entertainment, it said Friday, in a deal reportedly worth more than $300 million.
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Plan B, co-founded by Pitt in the early 2000s with his then-wife Jennifer Aniston has three best picture Oscar winners to its name: "The Departed", "Twelve Years a Slave" and "Moonlight".
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The deal "marks the deployment of Mediawan into the American market," the French company said in a press release which did not say how much the deal was worth.
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The Financial Times reported the deal had valued Plan B Entertainment at more than $300 million.
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"Cinema is becoming international. Talents are emerging all over the world," Pitt said in an interview with Le Parisien newspaper.
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"For our future projects, we have to look outside the United States." With Mediawan "we have the same conception of how to produce films and series," he added.
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In a press release Mediawan CEO Pierre-Antoine Capton said the deal was "an exceptional opportunity to be able to develop Mediawan alongside Plan B, the most beautiful independent production company in the US."
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Founded in 2015 Mediawan produces and distributes films, series and streaming shows and has recently snapped up several production houses across Europe.
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