INDUSTRY DEEP DIVE
"The Era of Entertainment Roll-Ups Is Over" What Choices Lie Ahead for K-Entertainment Companies
The collective delusion of becoming the "Next Disney" is collapsing in the age of the creator economy and fandom economics
The unwinding of Candle Media’s roll-up strategy and return of ATTN: to its founders underscores a broader industry shift away from debt-fueled "Next Disney" conglomerates toward independent, category-specific brands built around superfans, attention, and advocacy-driven creator models.