CoComelon was recently purchased by two former Disney executives who remain close with CEO Bob Iger.
Kevin Mayer and Tom Staggs were senior Disney executives who founded Candle Media, which bought CoComelon.
Kevin Mayer was named CEO of Playboy in 2000 and of TikTok in 2020. He was also heavily involved in the creation of Disney+ and is still a Disney consultant.
This makes so much more sense now.