London/Paris | Brad Pitt’s Plan B Entertainment, the acclaimed Hollywood producer behind Moonlight and The Big Short, has been bought by France’s Mediawan in a rare transatlantic deal that values the US group at more than $US300 million ($440 million) in cash and shares.

Pitt told the Financial Times that the Oscar-winning company he co-founded in the early 2000s was “already bulging out of the seams of our little garage” and was ready to expand with the backing of Mediawan, a content group backed by three of France’s most prominent media investors.

Financial Times