Neon Sells Stake to Department M, Launches Neon TV
Originally published Jul 10, 2026
By Brian Welk · IndieWire
AI-generated summary based on IndieWire · Aggregated by Filmarian · Human-reviewed and approved on Jul 10, 2026
Key points
- Neon has sold a significant stake to Department M, a production company.
- The deal will enable Neon to expand its operations and launch a new television division, Neon TV.
- Michael Schaefer will become Neon's chief content officer, and Mike Larocca will join Neon's board of directors.
Neon has sold a significant stake to production company Department M, allowing the distributor to expand its operations and launch a new television division, Neon TV. The deal includes Michael Schaefer becoming Neon's chief content officer and Mike Larocca joining Neon's board of directors. Financial details of the transaction were not disclosed.
Read the original story: IndieWire — by Brian Welk