Neon Sells Stake To Department M: Michael Schaefer Named Chief Content Officer Of ‘Anora’ & ‘Parasite’ Studio; Neon TV Launches

Mike Larocca and Michael Schaefer’s Department M has closed a transaction to acquire a majority stake in multi Oscar and Cannes Palme d’Or winning studio, Neon. The deal in addition to infusing capital to Neon’s expanding operations allows the Santa Monica, CA studio to launch Neon TV, creating a more significant mini-studio that already counts an […]

By Anthonypauldalessandro