Neon Sells Stake To Department M: Michael Schaefer Named Chief… | HappeningNow.news

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Neon Sells Stake To Department M: Michael Schaefer Named Chief Content Officer Of ‘Anora’ & ‘Parasite’ Studio; Neon TV Launches

Source Summary Published July 10, 2026 Brief Under 1 min brief
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Summary

Mike Larocca and Michael Schaefer’s Department M has closed a transaction to acquire a majority stake in multi Oscar and Cannes Palme d’Or winning studio, Neon.

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