Candle Media, the increasingly challenged, Blackstone-backed production company roll-up, has hired the investment bank Moelis & Co. with an urgent request: Figure out how to prop up Reese Witherspoon’s Hello Sunshine. Yes, the same Hello Sunshine that Candle infamously bought at an insane $900 million valuation in 2021. They don’t want to sell, I’m told, but if there’s a credible offer, they’d talk. The financials of the film and TV production/book club company are just getting to the point where they need to do something, and Candle’s previous efforts to source and purchase production units have slowed in recent months.