Candle Media’s Kevin Mayer And Tom Staggs Believe “Killer Content” Will Sustain Streaming Business — Deadline Disruptors

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Candle Media’s Kevin Mayer And Tom Staggs Believe “Killer Content” Will Sustain Streaming Business — Deadline Disruptors
Kevin Mayer and Tom Staggs have been around the media business long enough to resist the temptation to overreact to Netflix’s latest travails. Even though their emerging investment firm, Candle Media, owns two key Netflix suppliers—CoComelon production company Moonbug Entertainment and Fauda producer Faraway Road—they don’t seem too concerned that Netflix may topple from its perch.

“We are still big believers in streaming overall, now and in the long run,” Mayer says. “The addressable market is enormous, and it continues to grow as consumers expect and demand the convenience that streaming provides.”

Comments from Netflix executives during the company’s recent quarterly report, which helped lower the company’s value from 300 billion to 100 billion, “highlight the battle for customer acquisition and retention,” Staggs says. Killer content is generally the answer to that challenge,
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