Neon, Oscar-Winning Studio Behind ‘Anora’ and ‘Longlegs,’ Sells Stake to Department M
Department M has closed a transaction to acquire a significant stake in Neon, the Oscar-winning indie studio behind “Parasite” and “Anora.” Financial terms of the deal were not disclosed. Tom Quinn, the founder of Neon and an indie vet who has had stints at Radius and Magnolia, will remain CEO of the company. Michael Schaefer,…