Ex-Disney Duo Buy Stake in Will and Jada Smith’s Company (1)

Former Walt Disney Co. executives Kevin Mayer and Tom Staggs have acquired a minority stake in Westbrook Inc., the entertainment company founded by Hollywood power couple Willand Jada Pinkett Smith.

Candle Media, Mayer and Staggs’ company, is investing around $60 million for a bit more than 10% of Westbrook, according to people familiar with the matter who asked not to be identified because the terms are private.

Westbrook, founded a little more than two years ago, produces movie and TV shows, including potential Oscar contender “King Richard” and “Welcome to Earth,” a nature series that airs on Disney+. ...