Candle Media, the Blackstone-backed studio run by former Disney executives Tom Staggs and Kevin Mayer, is cutting costs by combining the production companies in its portfolio focused on live-action, ...

The company has issued a press release confirming some of what had been reported by Semafor on Tuesday morning. (See earlier details below.) "We are excited to announce that in order to continue to ...

Embarking on a cost-cutting strategy, Kevin Mayer and Tom Staggs’ Blackstone-backed company Candle Media is reorganizing its business by consolidating live action and animation under two separate ...

Blackstone-backed “next generation” entertainment group Candle Media is tightening belts amid the streaming downturn, enacting a series of cost-cutting measures and reorganization of its acquisitions.

Hello Sunshine (Little Fires Everywhere), the production company dedicated to putting “women at the center of every story” founded by Reese Witherspoon, is closing down its kids’ and animated content ...