[4] In November 2021, Candle Media acquired Moonbug Entertainment, a children’s entertainment company (formerly the film & television company founded in 1992 and separated in 2018 as remaining few contents and properties) that has produced shows including CoComelon and Blippi, for nearly $3 billion.
[13] In 2023, the company hired media executive James Goldston to oversee a new division developing nonfiction television and film productions.
[14] In June 2023, Candle Media entered into a strategic partnership with TikTok, which Mayer had previously served as CEO of.
[15] As part of this, Candle Media will develop film, television and audio productions based on works by authors in the BookTok community.
Its live action properties will be placed under Candle Studios, with current Hello Sunshine CEO Sarah Harden being named head of the new division.