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Candle Media Cuts Costs: Hello Sunshine CEO Sarah Harden to Oversee All Live-Action Production [Yahoo! Finance]
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Founded in 2021 by former Disney executives Kevin Mayer and Tom Staggs, the venture made several splashy acquisitions – including Reese Witherspoon's production label Hello Sunshine – at the offset. Flash forward three years, and free-spending content buyers have cratered back to earth (along with their individual stock prices). More from Variety Hello Sunshine's F1 Academy Docuseries on Female Drivers Lands at Netflix (EXCLUSIVE) 'CoComelon' Producer Moonbug Taps Netflix Marketing Veteran Peter Stone as First CMO Lightning International Launches Flash Channels Management Service - APOS Bulletin Variety has confirmed that Mayer and Staggs have moved to consolidate their production businesses into two verticals: live-action production will now fall under Sarah Harden, CEO of Hello Sunshine, who will also retain her title at Witherspoon's shotp; and animation will now exist solely within Candle's profitable MoonBug, the label behind family juggernaut “CocoMelon.” Details of
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