Candle Media CEOs Talk Expanding ‘CoComelon’ Franchise, TikTok’s Future and Iger Returning to ‘Right the Ship’ at Disney

Former Disney execs Kevin Mayer and Tom Staggs have made 10 acquisitions, beginning with Reese Witherspoon’s Hello Sunshine, and a minority investment in Will and Jada Pinkett Smith’s Westbrook, since launching their Blackstone-backed media company Candle Media in 2021. But CEOs Mayer and Staggs told Variety‘s co-editor in chief Cynthia Littleton at Variety’s Entertainment Summit at CES on Friday the success in their strategy is balancing the assets tied to major names with content that punches “above its weight,” like that made by Moonbug Entertainment, which produces smash hit children’s series “CoComelon.” A consistent presence on Netflix’s weekly Top 10… Read Full Article