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, ...

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.

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.