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South Korean Takeover
Cj’s Endeavor: In a deal valuing the equity at almost $1Bn, Endeavor Content has sold the majority of its scripted business to South Korean mega giant Cj Enm. Things moved quickly. Rumor had abounded Monday when Endeavor execs said they had identified a “short list” of potential buyers on an earnings call and by Thursday afternoon it was clear Parasite (pictured) distributor Cj was the one. The deal for 80% of Endeavor’s scripted business was worth $775M and values that part of the business close to $1Bn. Big numbers.
What’s next?: Cj Enm has been slowly increasing its Hollywood profile as South Korean content enters the mainstream in a big way and this move represents...
South Korean Takeover
Cj’s Endeavor: In a deal valuing the equity at almost $1Bn, Endeavor Content has sold the majority of its scripted business to South Korean mega giant Cj Enm. Things moved quickly. Rumor had abounded Monday when Endeavor execs said they had identified a “short list” of potential buyers on an earnings call and by Thursday afternoon it was clear Parasite (pictured) distributor Cj was the one. The deal for 80% of Endeavor’s scripted business was worth $775M and values that part of the business close to $1Bn. Big numbers.
What’s next?: Cj Enm has been slowly increasing its Hollywood profile as South Korean content enters the mainstream in a big way and this move represents...
- 11/19/2021
- by Max Goldbart
- Deadline Film + TV
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