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Hello Sunshine

Lenders & Private Credit

Blackstone-Backed Candle Media Seeks Debt Help After Deal Binge

The company is seeking to reduce its cash interest payments, according to people familiar with the matter.

December 7, 2023

Biotech Milestones: Almost Always Included, Almost Never Hit

Most biopharma deals are for companies without any products on the market, which require FDA approval after costly and time-consuming clinical trials.

November 10, 2023

Blackstone’s Billion-Dollar Bet on Reese Witherspoon Falls Short

The blame is on an “unprecedented” set of obstacles, including a decline in advertising at YouTube, two Hollywood strikes and a pullback in spending across the entertainment industry.

October 6, 2023

Disney Taps Two Former Executives to Help Sell ESPN Stake

Kevin Mayer and Tom Staggs will consult with ESPN Chairman Jimmy Pitaro on developing and analyzing partners for the business.

August 1, 2023

Blackstone Reviewing Options for Reese Witherspoon’s Hello Sunshine, Report Says

Blackstone and Candle Media executives are reportedly considering several options, including combining it with another studio.

March 12, 2025

USC Star Quarterback Caleb Williams Backs Women-Focused Sports Fund Monarch

Williams was introduced to Monarch through his mentor Ross Walker, who’s also a limited partner at the firm.

July 26, 2023

Media & Entertainment

Former Disney Duo Buy Stake in Will and Jada Smith’s Company

Kevin Mayer and Tom Staggs are building a new media company with funds from Blackstone.

January 5, 2022

Oprah and Reese Witherspoon Invest in Spanx

The investment follows Blackstone taking a majority stake in the brand.

November 18, 2021

Blackstone’s Blitzer Says More Sports Deals are Coming

David Blitzer owns stakes in sports teams including the Premier League's Crystal Palace.

November 10, 2021