Hello Sunshine

The deal that set the price for a celebrity-founded studio and kicked off the Candle Media roll-up.

Date

2021-08-02

Sector

Talent-led media

Acquirer / investor

Candle Media (Blackstone-backed; Kevin Mayer, Tom Staggs)

Deal type

Majority stake

Stake %

Undisclosed

Deal value ($M)

900

Implied valuation ($M)

900

Value confidence

Reported

Status

Closed

Term

Undisclosed

Last verified

2026-09-03

Source: Blackstone

Deal value and implied valuation are separate measures. Blank financial terms are undisclosed; figures are not inferred. Read the methodology.