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Neon has acquired three movies in four years — 2019’s “Parasite,” 2021’s “Titane” and 2022’s “Triangle of Sadness” — that went on to win the Palme d’Or at Cannes Film Festival.

Neon itself is private and declined to comment on the matter, but an insider noted that 2024 was the company’s best year financially thus far. One potentially interested investor said it is not.

Neon had no comment. A24, one of Neon’s biggest rivals, sold a minority stake of $225 million earlier this year from the investor Stripes, which valued the distributor at $2.5 billion.

Cannes: Neon Acquires Justine Triet’s Competition Title ‘Anatomy of a Fall’ for North America The thriller follows Sandra (Sandra Huller), a German writer, her French husband, Samuel, and ...

Neon, Film Distributor of Indie Darlings Like ‘Parasite,’ Ponders Sale It has tapped the investment bank Raine to assess its options, on the heels of a megadeal for another independent ...

Neon turned Parasite into one of the top-grossing foreign films in the U.S./Canada, grossing $53.3 million; the pic altogether made $263.1M worldwide.

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