Hello Sunshine Shuts Down Kids & Animation Division
deadline.comEXCLUSIVE: Deadline has learned that Hello Sunshine is shuttering its kids and animation business as part of a strategic decision to focus Candle Media’s kids and animation efforts under Moonbug, the family production studio the corp snapped up for a near $3 billion in November 2021.
Hello Sunshine will collaborate with Moonbug on future kids and animation projects. As a result, a few individuals will be departing Hello Sunshine over the coming weeks.
The Blackstone-backed Candle Media, which is also co-run and co-founded by Tom Staggs, acquired Reese Witherspoon’s Hello Sunshine in August 2021 for $900M.
At last April’s MIP TV, Candle Media co-founder Kevin Mayer spoke about synergies between both Hello Sunshine and Moonbug. The latter is the production company behind popular kids shows like CoComelon.
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