{"id":2288231,"date":"2026-02-18T23:03:10","date_gmt":"2026-02-18T23:03:10","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2288231"},"modified":"2026-02-18T23:03:10","modified_gmt":"2026-02-18T23:03:10","slug":"neon-in-talks-to-sell-major-stake-to-production-company-department-m","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/neon-in-talks-to-sell-major-stake-to-production-company-department-m\/","title":{"rendered":"Neon in Talks to Sell Major Stake to Production Company Department M"},"content":{"rendered":"<p><\/p>\n<div role=\"presentation\">Production outfit <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/company\/co1090555\/\">Department M<\/a> is in talks to acquire a major stake in <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/company\/co1172735\/\">Anora<\/a> distributor <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/company\/co0623930\/\">Neon<\/a>.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/name\/nm1692290\/\">Mike Larocca<\/a> and <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/name\/nm0769644\/\">Michael Schaefer<\/a>\u2019s Department M is being backed by a consortium of private investors, including Forta Advisors, which backed Department M at its launch two years ago.<\/p>\n<p>Larocca and Schaefer spent years as producers before breaking off to raise financing to form <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/company\/co1090555\/\">Department M.<\/a> Larocca was a longtime right hand to the Russo Bros, co-founding their banner <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/company\/co0295628\/\">Agbo<\/a> and producing films such as <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt8936646\/\">Extraction<\/a>, <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt0934452\/\">The Grey Man<\/a> and <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt9130508\/\">Cherry<\/a> before departing. Schaefer worked for <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/name\/nm0000631\/\">Ridley Scott<\/a> at Scott Free, earning an Oscar nomination for producing <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt3659388\/\">The Martian<\/a>, and spent almost seven years at New Regency before co-founding Department M.<\/p>\n<p>Department M\u2019s slate of films includes horror <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt33502160\/\">The Hand That Rocks the Cradle<\/a> and <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/name\/nm0001752\/\">Steven Soderbergh<\/a>\u2019s latest <a rel=\"nofollow\" target=\"_blank\" class=\"ipc-md-link ipc-md-link--entity\" href=\"https:\/\/www.imdb.com\/title\/tt34966562\/\">The Christophers<\/a>, the latter of which was picked up for distribution by Neon&#8230;<\/p>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.imdb.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Production outfit Department M is in talks to acquire a major stake in Anora distributor Neon. Mike Larocca and Michael Schaefer\u2019s Department M is being backed by a consortium of private investors, including Forta Advisors, which backed Department M at its launch two years ago. Larocca and Schaefer spent years as producers before breaking off [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2288232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25177],"tags":[25538,31714,21751,22556,21993,22860,21912,21738,24141,22205,21913],"class_list":["post-2288231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-celebrities","tag-actors","tag-actresses","tag-celebrities","tag-directors","tag-films","tag-hollywood","tag-movies","tag-news","tag-stars","tag-television","tag-tv"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/02\/Neon-in-Talks-to-Sell-Major-Stake-to-Production-Company.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2288231"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288231\/revisions"}],"predecessor-version":[{"id":2288233,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288231\/revisions\/2288233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2288232"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2288231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2288231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2288231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}