A24 Hiring a CFO — from the NBA No Less — Suggests Much About the Company’s Future

As mergers and acquisitions have shaken up Hollywood, all eyes have been on A24 — recently rumored to be floating a sale for up to $3 billion.

Would the nine-year-old indie tastemaker behind Oscar-winners like “Moonlight” and hit series like “Euphoria” cash in on the fervor that’s led to rich deals for Hello Sunshine and MGM? The answer, at least for now, is no.IndieWire has confirmed that A24 has hired its very first CFO in J.B.

Lockhart, who has served for the last four years as the CFO of the NBA.

His charge is clear: lead the company’s continued global expansion.

And with previous experience in venture capital and at Disney working to identify merger and acquisition targets, industry sources say it’s possible A24 hopes that the Lockhart-led growth is in preparation for a possible sale or public offering down the road — or even to acquire other companies itself.

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