Reported 12 months ago
Candle Media, launched in 2021 with Blackstone's backing, is restructuring its operations in response to changes in the streaming sector. The company will split into two divisions, with animation moving to Moonbug and live-action content under the newly formed Candle Studios led by Sarah Harden. The studio will work on over 30 premium originals, including projects from Hello Sunshine and other production companies like Exile and Faraway Road.
Source: YAHOO