Story perspectives

Dept. M Stakes Neon, Launches TV, Expands UK, Cannes Lineup

7/11/2026

Summary

Story summary

Department M acquired a stake in Neon, the Oscar-winning indie studio.
Tom Quinn will stay CEO, Michael Schaefer will become chief content officer overseeing Jeff Deutchman and Carina Sposato, and Mike Larocca will join Neon’s board while Dan Friedkin’s Friedkin Group remains shareholder and board member.
Neon will launch Neon TV, explore a UK distribution arm, and presented six Cannes 2026 competition titles after its seventh Palme d’Or for “Fjord.”

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Story summary

Department M acquired a stake in Neon, the Oscar-winning indie studio.
Tom Quinn will stay CEO, Michael Schaefer will become chief content officer overseeing Jeff Deutchman and Carina Sposato, and Mike Larocca will join Neon’s board while Dan Friedkin’s Friedkin Group remains shareholder and board member.
Neon will launch Neon TV, explore a UK distribution arm, and presented six Cannes 2026 competition titles after its seventh Palme d’Or for “Fjord.”