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Business

‘No one was coming to save me’: How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn’t fix

Fortune ·
‘No one was coming to save me’: How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn’t fix

“What, like it’s hard?” While it’s an iconic line from her career-making film Legally Blonde, it’s also a mantra Reese Witherspoon lives by.

The actress-turned-media-company owner has long had the grit required to ideate, found, and ultimately sell a near-billion-dollar company that flipped Hollywood’s script on its head.

By the time Witherspoon was 34, she had spent two decades inside the movie business, she had seen enough.

The scripts landing on her desk in 2011 were, in her words, “abysmal [and] really demeaning.

One project built around a man with two women “just vying for his affection” really pushed her over the edge because of its “gross jokes and scatological humor,” Witherspoon said on an episode of Founder Mindset by Harvard Business School’s Reza Satchu earlier this year.

“I called my agent, and I said, I’m not auditioning for this, and I’m not interested,” she said.

In response, her agent told her every actress in Hollywood was fighting for those two parts because there was nothing else.

So Witherspoon set out on what she called a “listening tour,” visiting the heads of all seven major studios with a single question: How many movies are you developing right now with a female lead? The answer, for the most part, was none.

One executive even told her the studio had already made one movie “with the woman at the center of it” that year, and couldn’t make a second.

“First I got mad, and then I was like, Wait—this is a huge white space,” she told Satchu.

With that, Witherspoon set out on her journey to develop Hello Sunshine, a movie company “made by and for the next generation of women” with the mission of putting female stories at the center of film, television, podcasts, books, and other media.

The financial scare that shaped a founder’s mindset Witherspoon grew up in a household that hit “some pretty bad places” with money in her teenage years, thanks to her father’s “spending issues,” she said.

At 16 or 17, she was pulled in to help.

The experience shaped her worldview, which has driven every professional decision since.

Read the full article on Fortune ›

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