Neon is in talks to sell a significant stake to Department M, The Wrap has learned.
Department M is being backed by a consortium of private investors in the effort. The company, founded by by Mike Larocca and and Michael Schaefer, launched in 2024 and was backed by private investors.
Since distributing the best picture winner “Parasite” in 2019, Neon has established itself as a leading distributor of international cinema in the U.S., releasing four of the five nominees in this year’s best international feature Oscar category, including Joachim Trier’s “Sentimental Value” and Jafar Panahi’s Palme d’Or winner “It Was Just an Accident.”
Neon’s upcoming slate…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
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