Neon, the independent distributor behind Academy Award-winning films such as “Parasite” and “I, Tonya,” has tapped the merchant bank Raine to explore a sale of some or all of its business, according to three people familiar with the process.

There’s no guarantee that the process will result in a deal, two of the people said. It couldn’t be learned what Neon’s valuation might be. The company declined to comment.

Neon has decided to test the market five months after A24, the edgy studio behind “Lady
Continue reading at source website