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, ...

Embarking on a cost-cutting strategy, Kevin Mayer and Tom Staggs’ Blackstone-backed Candle Media is reorganizing its business by consolidating live action and animation under two separate units.

Candle Media, the media investment company led by Disney executives Kevin Mayer and Tom Staggs, is reorganising its live-action assets under a new Candle Studios banner as it rejigs its operations to ...