Friday Mailing: Blackstone's Candle Media Bet after "The Slap" At The Oscars

Of places I’d love to be a fly on the wall after "the slap" at Sunday’s Oscars, it’s at Candle Media. 

Why?

Because in January, they invested $60MM for 10% of Westbrook Inc., the media company founded by Will Smith and Jada Pinkett Smith.

Candle Media's business logic, in broad brushstrokes, is making bets on both guaranteed growing production company reve…