Candle Media (Blackstone)
A next-generation media holding company founded in 2021 by former Disney executives Kevin Mayer and Tom Staggs, seeded with roughly $1B from Blackstone. Owns Moonbug Entertainment (Cocomelon, Blippi, Little Baby Bum), controls Hello Sunshine, and produced Fauda via Faraway Road. Restructured through 2024 as streaming spending cooled.
Channels
Cocomelon
youtube.com/@CoComelon ↗PE Kids 2021Owned by Moonbug Entertainment, which was acquired in November 2021 for ~$3B by Candle Media, a Blackstone-backed venture led by ex-Disney execs Kevin Mayer and Tom Staggs. Moonbug had itself bought the Cocomelon IP in July 2020 for $120M.
Blippi
youtube.com/@Blippi ↗PE Kids 2021Part of the Moonbug Entertainment portfolio acquired in the November 2021 Candle Media / Blackstone $3B deal. Blippi IP was bought by Moonbug in 2020 from creator Stevin John.
Little Baby Bum
youtube.com/@LittleBabyBumSingalongs ↗PE Kids 2021Founding property of Moonbug Entertainment. Rolled into the Candle Media / Blackstone portfolio in November 2021.