<\/p>\n
It\u2019s unclear the size of the stake Department M would be acquiring, but it is being backed by a consortium of private investors. Neon declined to comment and Department M did not respond to a request for comment.<\/p>\n
But while you\u2019ve definitely heard of Neon, Department M is a new name on the radar. The company was founded in 2024 and is led by Mike Larocca<\/a> and Michael Schaefer<\/a>. Larocca was the president and co-founder of Agbo<\/a>, which is the production banner fronted by \u201cAvengers\u201d directors the Russo Brothers, and Schaefer is the former president of New Regency<\/a>. Larocca oversaw projects like \u201cExtraction,\u201d \u201cThe Gray Man<\/a>,\u201d and the series \u201cCitadel<\/a>\u201d while at Agbo, and Schaefer was at the…<\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.imdb.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Neon is in talks to sell a significant stake in its company to Department M, a production company founded two years ago, IndieWire has learned and as first reported by Variety. It\u2019s unclear the size of the stake Department M would be acquiring, but it is being backed by a consortium of private investors. Neon […]<\/p>\n","protected":false},"author":2,"featured_media":2288331,"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-2288330","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\/Who-Is-Department-M-the-Company-in-Talks-to-Acquire.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288330","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=2288330"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288330\/revisions"}],"predecessor-version":[{"id":2288332,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2288330\/revisions\/2288332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2288331"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2288330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2288330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2288330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}