Film
Laurene Powell Jobs Invests in Reese Witherspoon’s Production Company
- Deal marks the billionaire’s latest foray into media
- AT&T’s Otter Media also is backing the company, Hello Sunshine
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs turned media mogul, is investing in Reese Witherspoon’s production company, marking her latest push into entertainment.
Powell Jobs’s Emerson Collective is joining AT&T Inc.’s Otter Media, an earlier backer, in financing Witherspoon’s company, Hello Sunshine. Terms weren’t disclosed, but the funds will support the company’s efforts to improve opportunities for women in Hollywood.