Candle Media

Candle Media is a media company that acquires, builds, and scales entertainment businesses. The company was co-founded by former Disney executives Kevin Mayer and Tom Staggs, with financial backing from the investment firm Blackstone.

Candle Media's business model focuses on the acquisition of creator-led companies with strong brand recognition and franchises. Notable acquisitions include Moonbug Entertainment, the company behind the popular children's show "CoComelon," and Hello Sunshine, a media company founded by actress Reese Witherspoon. Through these acquisitions, Candle Media has a portfolio of assets that span scripted and unscripted television, film, and children's entertainment. The company generates revenue through the distribution of its content across various platforms and through related commerce and consumer products.

Candle Media operates in the global media and entertainment market, with a focus on premium content. The company's strategy is to leverage the creative talent and intellectual property of its acquired companies to build a modern media conglomerate. By focusing on creator-driven brands, Candle Media aims to capitalize on the growing demand for high-quality content in the digital age.

Keywords: media, entertainment, content, acquisitions, creator-driven, franchises, digital media, film, television, children's entertainment