Neon, Oscar-Winning Studio Behind ‘Parasite’ and ‘Anora,’ in Talks to Sell Stake to Department M (EXCLUSIVE)
By Matt Donnelly, Brent Lang
According To The variety Department M, a production company founded two years ago by Mike Larocca and Michael Schaefer, is in talks to acquire a significant stake in Neon, the Oscar-winning studio behind “Parasite” and “Anora.”
A consortium of private investors is backing Department M in the effort, according to two sources with knowledge of the negotiations. Department M was financed by private investors when it launched in 2024.
Neon previously explored a sale in 2022, but a deal with investor Steven Rales, the businessman behind the production company Indian Paintbrush, failed to materialize.
Neon’s recent credits include Joachim Trier’s “Sentimental Value”; Jafar Panahi’s Palme d’Or winner, “It Was Just An Accident”; Kleber Mendon...






