, the popular children’s YouTube channel and Netflix show, are developing a movie based on the successful animated characters, according to people familiar with the matter.
Most of the largest kids’ entertainment franchises began as movies, TV shows, books or toys. Moonbug is taking CoComelon from YouTube into these other industries. The company produces CoComelon programs for Netflix Inc. that rank among the paid streaming service’s most-popular shows. Moonbug was founded in 2018 by Rene Rechtman and John Robson, who previously worked in web video at other companies. Candle Media, an independent, entertainment studio backed by Blackstone Inc. and founded by former Walt Disney Co. executives Kevin Mayer and Tom Staggs, acquired Moonbug in 2021 for US$3bil.
Source: Entertainment Trends (entertainmenttrends.net)
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