New York-based A24 is best known for films such as 'Moonlight,' 'Uncut Gems' and 'Lady Bird.'
A24, the independent studio behind the Oscar-winning “Moonlight” and HBO’s “Euphoria,” has closed an equity investment of $225 million to fund expansion plans.
The funding round was led by Stripes, a firm founded by New York investor Ken Fox, who will have a seat on A24’s board. The group of new investors will hold less than 10% of A24. Reese Witherspoon’s Hello Sunshine sold a majority stake valuing the “Big Little Lies” firm at $900 million. LeBron James and Maverick Carter’s SpringHill Co. secured a private equity deal placing the company’s valuation at $725 million. “Dune” studio Legendary Entertainment in January sold aFounded in 2012, A24 made a name for itself by releasing edgy independent films such as “Spring Breakers.
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