Candle Media, the media roll-up company backed by Blackstone and led by former Disney executives Kevin Mayer and Tom Staggs, has hired former ABC News president James Goldston to lead a new, in-house production studio focused on nonfiction projects and documentaries.
Why it matters: To date, Candle has focused mostly on acquiring production studios — this is the first entity it's looking to build entirely on its own. Goldston recently advised Congress' Jan. 6 select committee in adapting a documentary-style presentation for its hearings last year. Candle hopes to leverage the new in-house studio to produce nonfiction works across its portfolio of brands, which includes Reese Witherspoon’s Hello Sunshine, Isaac Lee's Exile Content, social change publisher ATTN:, and Faraway Road Productions, the content studio behind "Fauda."
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