Candle Media, LLC

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Candle Media, LLC - overview

Established

2021

Location

Sacramento, CA, US

Primary Industry

Media

About

Candle Media, LLC is a US-based next-generation media company specializing in creating and distributing premium content that engages diverse audiences across multiple platforms, leveraging partnerships with established streaming services. Founded in 2021 and headquartered in Sacramento, US, Candle Media, LLC focuses on producing high-quality media content. The company has engaged in four notable deals since its inception. The firm was established as an independent entity and does not have any public parent companies or subsidiaries.


Notably, the CEO and Founder details are not available at this time. Candle Media operates as a next-generation media company, primarily focused on creating and distributing premium content, commerce, and experiences that resonate with audiences across various platforms. Its core offerings include original programming from its brand entities, such as Moonbug and Hello Sunshine, which target children and adult demographics, respectively. Moonbug is best known for its educational children’s content, with titles like CoComelon, while Hello Sunshine develops female-centric narratives, exemplified by projects such as Meet Me In Rome.


Additionally, Candle Media collaborates with Exile Content to produce compelling narratives, such as the comedy thriller I Don’t Expect Anyone to Believe and the true-crime anthology series from Candle True Stories. These products are primarily distributed through popular streaming platforms including Netflix, Apple TV+, and Roku, catering to audiences in North America, Europe, and Latin America. Candle Media generates revenue through diverse monetization strategies, including subscription-based models, partnerships with streaming platforms, and direct-to-consumer sales. The company’s transactions often involve licensing agreements with platforms like Netflix and Amazon Prime, where content is made available to subscribers, thereby creating a steady revenue stream.


For instance, flagship products such as CoComelon and Daisy Jones & The Six not only drive viewer engagement but also contribute to merchandise sales linked to their popularity. Candle Media also collaborates with brands for promotional partnerships, enhancing revenue through advertising and sponsorships. The firm’s expansive portfolio of shows aims to attract a wide range of viewers, facilitating multiple revenue channels that capitalize on both content streaming and ancillary markets. Candle Media is developing new programming aimed at enhancing its portfolio, although specific product launch dates have not been disclosed.


The company is looking to expand its presence in additional international markets, particularly targeting regions in Europe and Latin America by the end of 2024. The recent exit of The Raine Group from its stake in Candle Media indicates potential shifts in investment strategies, though financial terms were not disclosed.


Current Investors

Blackstone Group, The Raine Group

Primary Industry

Media

Sub Industries

Digital Media

Website

www.candlemedia.com/

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Candle Media, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Sale to ManagementCompletedATTN:, Inc.-
Add-onCompletedLil' Heroes-
Add-onCompletedExile Content Studio Inc-
Add-on, Trade SaleCompletedATTN:, Inc.-
Add-onCompletedThe Home Edit-

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Candle Media, LLC - employee data

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