Executive 5: Disney will buy Candle Media and Kevin Mayer will position himself as a leading internal candidate to take over for Iger

One last Disney succession prediction! This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. Disney would then attempt to sell the remainder of Candle Media’s assets at fire-sale prices, the executive predicted.

Kevin Mayer, co-founder and co-chief executive officer of Candle Media, chairman of DAZN Group, speaks at the Milken Institute Asia Summit in Singapore, Sept. 29, 2022.

Candle Media is co-run by two former Disney executives, Kevin Mayer and Tom Staggs. This person’s guess is Mayer will return to Disney in a senior operating role to position himself as Iger’s top successor candidate while Staggs would leave the company.

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