Neon, the independent film distributor behind Oscar winners “Parasite” and “I, Tonya,” is assessing options for its financial future.The New York-based company has tapped the investment bank Raine to explore a sale of some or all of its business.
The move comes as Neon looks to expand its distribution business internationally and consider opportunities in television and streaming.
The company also plans to use potential investments to bolster its production businesses.Neon declined to comment.Neon was reportedly receiving inquiries about mergers and acquisitions, so it hired Raine to sort through their options.
Sources close to the situation say Neon hopes to find a deal that keeps the company in tact, though it would be open to a minority stake sale.
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