Neon, the studio that backed Oscar-winners “Anatomy of a Fall” and “Parasite,” has ironed out a deal with Waypoint Entertainment, the production company behind “The Favourite” and “The Nice Guys,” to bring more mid-budget movies to the big screen.
The deal follows the company’s collaboration on the Hunter Schafer-led horror movie “Cuckoo,” which premiered at the Berlin Film Festival and SXSW. Waypoint’s investment will allow Neon to expand its production and distribution efforts, something it’s been attempting to do since the New York-based distributor explored a sale in 2022 as a way to grow its business. Though a deal with investor Steven Rales, the wealthy businessman who founded the production company Indian
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