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Candle Media Restructures, Folding Animation Into Moonbug As Hello Sunshine Chief Sarah Harden Takes Over Rebranded Studio – Update
Candle Media, which launched in 2021 with backing from private-equity giant Blackstone, is restructuring amid broader changes in the streaming sector.
Candle Media, which launched in 2021 with backing from private-equity giant Blackstone, is restructuring its operations to reflect broader changes in the streaming sector. The company, led by former senior Disney execs Kevin Mayer and Tom Staggs, will split into two divisions and make other related changes. During an early spree, Candle made a number of high-profile acquisitions, including those of Reese Witherspoon’s Hello Sunshine and CoComelon producer Moonbug Entertainment.
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