Blackstone is exploring options for Hello Sunshine, one of the best-known assets in the portfolio of its Hollywood media company, Candle Media, including the possibility of combining it with another company,

Blackstone (NYSE:BX) is evaluating alternatives for Candle Media's Hello Sunshine studio. The options for Hello Sunshine, which actress Reese Witherspoon sold to Candle Middle, include possibly combing it with another studio,

Blackstone-backed Candle Media is exploring options for Reese Witherspoon's Hello Sunshine that could include merging it with another media company, Reuters reports. Why it matters: The high-profile acquisition has been the poster child for overspending on star-driven production companies during the 2021 content spending boom.