Candle Media

Candle Media is a Blackstone-backed, Los Angeles-based media company co-founded by former Disney executives Kevin A. Mayer and Thomas O. Staggs. Candle Media owns the companies Moonbug Entertainment, Hello Sunshine, and the production company of Israeli thriller series Fauda, Faraway Road Productions.[1] It also owned a minority stake on Westbrook Inc.

Candle Media
Founded2021 (2021)
FoundersKevin A. Mayer and Thomas O. Staggs
Headquarters
Los Angeles
,
United States
OwnersKevin Mayer & Tom Staggs
SubsidiariesMoonbug Entertainment
Hello Sunshine
Faraway Road Productions
ATTN:
Exile Content Studio
Websitewww.candlemedia.com

History

Before co-founding Candle Media in 2021,[2] Kevin Mayer and Tom Staggs originally led a blank-check company Forest Road Acquisition Corp.[1]

In August 2021, the company began acquiring content companies starting with Reese Witherspoon’s Hello Sunshine.[3]

In November 2021, Candle Media acquired Moonbug Entertainment, a children’s entertainment company that has produced shows including CoComelon and Blippi, for nearly $3 billion.[4]

In January 2022, the company announced a strategic minority investment in Will Smith and Jada Pinkett Smith’s Westbrook.[5][6] In the same month, Candle Media also acquired Faraway Road Productions for an estimated $50 million.[7][8]

In May 2022, Candle Media acquired ATTN:, a social media storytelling company, for $100 million.[9] In the same month, the company also announced that it will acquire Exile Content Studio, a Spanish production studio. To date, Candle Media has spent approximately $4 billion on acquisition deals.[10][11]

Subsidiaries
Acquisition date Subsidiary Notes
August 2021[2][1] Hello Sunshine
November 2021[1] Moonbug Entertainment
January 5, 2022 Westbrook Inc. minority (10% stakes)
January 12, 2022 Faraway Road Productions
May 2022 ATTN:
Exile Content Studio
August 12, 2022 Notables

References
  1. "Candle Media Enlists Key Executives Amid Hollywood Buying Spree". The Hollywood Reporter. January 13, 2022. Retrieved January 14, 2022.
  2. "Candle Media confirms deal to buy 'Fauda' prodco Faraway Road". TBI. January 11, 2022. Retrieved January 15, 2022.
  3. "Reese Witherspoon's Hello Sunshine to Be Sold to Media Company Backed by Blackstone". WSJ. August 2, 2021. Retrieved May 27, 2022.
  4. "Moonbug Entertainment to Be Acquired by Next Generation Media Company Backed by Kevin Mayer, Tom Staggs and Blackstone". BusinessWire. November 4, 2021. Retrieved May 27, 2022.
  5. "Westbrook Inc. Announces Strategic Minority Investment from Candle Media, Next-Generation Media Company Backed by Kevin Mayer, Tom Staggs, and Blackstone". Blackstone. January 4, 2021. Retrieved May 27, 2022.
  6. "Kevin Mayer And Tom Staggs' Candle Media Takes $60 Million Minority Stake In Westbrook Inc". Tubefilter. January 5, 2022. Retrieved January 16, 2022.
  7. "Candle Media Confirms Acquisition of 'Fauda' Production Banner Faraway Road Productions". Variety. January 12, 2022. Retrieved May 27, 2022.
  8. "Candle Media acquires Israeli studio Faraway Road Productions". Broadcast Pro ME. January 12, 2022. Retrieved January 16, 2022.
  9. Goldsmith, Jill (May 17, 2022). "Candle Media Acquires Gen Z Social Video Company ATTN". Deadline Hollywood.
  10. "Kevin Mayer and Tom Staggs' Candle Media Acquires Spanish-Language Firm Exile Content Studio". Deadline. May 24, 2022. Retrieved May 27, 2022.
  11. "Candle Media buys Exile Content Studio in Spanish-language push". Reuters. May 24, 2022.
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