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Kevin Mayer and Tom Staggs, both former Disney top executives once pegged as potential successors for the Disney CEO throne, are now making waves outside the traditional corporate structure. Mayer, who was heavily involved in the development of Disney+, and Staggs, who was poised to be a leading figure within Disney, have taken their expertise into venture capital, focusing on children's entertainment.
Their latest move? Buying Moonbug Entertainment, the parent company behind Coco Melon and Blippi. This acquisition, valued at about three billion dollars, underscores a growing trend: established media players are crossing into digital-first children's content in a big way, recognizing the enormous profitability and cultural influence these properties now command.