Entertainment

Neon, ‘Anora’ & ‘Parasite’ Distributor, In Talks To Sell Significant Stake To Department M

February 19, 2026

Neon, the Oscar-winning distributor of films like 'Parasite' and 'Anora,' is in negotiations to sell a significant stake to Department M, a production company founded by Mike Larocca and Michael Schaefer. The discussions are reportedly lucrative and have gained attention at the European Film Market in Berlin.

Neon in talks to sell significant stake

Credit: Deadline

Key Highlights

Neon distributed the Oscar-winning films 'Parasite' and 'Anora'.
Department M was founded by Mike Larocca and Michael Schaefer two years ago.
The deal is expected to be highly lucrative for both parties.
Department M is backed by a consortium of private investors.
Negotiations are taking place amidst discussions at the European Film Market in Berlin.

News Department M Neon

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Neon, ‘Anora’ & ‘Parasite’ Distributor, In Talks To Sell Significant Stake To Department M

Key Highlights

Sources

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