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Neon talks to Department M about selling a major stake, but no deal is final.
Neon is in advanced talks to sell a significant stake to Department M, a production company known for its work in film and television.
The deal, if finalized, would mark a major shift in Neon’s ownership structure and expand Department M’s presence in the independent film space.
Details including the exact stake size and valuation remain undisclosed, and no agreement has been reached.
The discussions are ongoing, and the outcome is uncertain.
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Neon habla con el Departamento M sobre vender una participación importante, pero no hay acuerdo definitivo.