NEON
Department M closed the purchase of a significant stake in the independent film distributor and is contributing development assets and production-ready projects. Tom Quinn stays as CEO, Michael Schaefer joins as chief content officer, and Mike Larocca joins the board. The Friedkin Group remains a significant shareholder. Financial terms and exact ownership were not disclosed. NEON plans to launch a television division.
- ID
- D235
- Date
- 2026-07-10
- Year
- 2026
- Sector
- Media rights & distribution
- Target
- NEON
- Principal talent / founder
- Tom Quinn (founder and CEO)
- Talent-led
- No
- Acquirer / investor
- Department M
- Acquirer type
- Independent production and financing company
- Deal type
- Strategic equity stake
- Stake %
- Undisclosed
- Deal value ($M)
- Undisclosed
- Implied valuation ($M)
- Undisclosed
- Revenue at deal ($M)
- Undisclosed
- Implied revenue multiple
- Undisclosed
- Value confidence
- Undisclosed
- Status
- Closed
- Term
- Not specified
- Date added
- 2026-11-09
- Last verified
- 2026-11-09
Source: TheWrap; Variety; Screen International
Deal value and implied valuation are separate measures. Undisclosed financial terms are not inferred. Read the methodology.