Endeavor Nears Deal To Sell Content Business To South Korea’s CJ

ViacomCBS and CJ ENM have struck a global strategic partnership that will see the pair co-develop and co-finance scripted series and movies, while Paramount+ will launch in South Korea next year.

Todd Spangler NY Digital EditorViacomCBS and South Korea’s CJ ENM announced global content deal encompasses coproductions for original TV shows and films as well as content licensing and distribution across the companies’ streaming services.Also under the pact, the companies will launch Paramount Plus in South Korea in 2022 as an exclusive bundle with CJ ENM’s TVING streaming service — marking its first launch in Asia.News of the deal comes less than a month after CJ ENM paid nearly $1 billion

Patrick Frater Asia Bureau Chief“Ghostbusters: Afterlife” crept into the background at the South Korean box office over the weekend, as the top three films remained unchanged.Nationwide aggregate revenue was a lowly $5.06 million as audiences avoided cinemas ahead of new health restrictions.Cinemas, along with bars, restaurants, gyms and museums, are among the high-risk places affected by a new tightening of health measures in Korea, intended to slow the spread of the Omicron variant of the

Patrick Frater Asia Bureau ChiefThree members of K-pop group BTS have sold some of their shareholdings in Hybe Corporation, the management company that launched them, netting them a combined $8.4 million.

Hallyu wave.According to Yonhap News Agency, Korea World is a metaverse (simply put, a persistent online 3D world) that will feature an exhibit hall with articles and videos created by foreigners who are interested in the Hallyu wave, also known as the Korean wave.

Eternals.In a new interview with Rolling Stone Korea, the Korean-American actor – known for roles in South Korean movies such as Train To Busan, The Outlaws and more – spoke about what it was like to make his Hollywood debut in Eternals and the process which led him to being a part of the film.“Train To Busan was a global sensation,” he said.

Patrick Frater Asia Bureau Chief“Spiritwalker,” a fantasy action film about a man who wakes up in a new body every twelve hours, grabbed the top spot at the South Korean box office over the weekend.

Naman Ramachandran A man who smuggled copies of smash hit South Korean Netflix series “Squid Game” into North Korea has been sentenced to death, after authorities caught high school students watching the show, according to Radio Free Asia (RFA).U.S.-headquartered independent news agency RFA reported, quoting sources, that the series was smuggled in from China on USB flash drives and that the smuggler faces death by firing squad.“A student who bought a drive received a life sentence, while six

Netflix original Hellbound shot up to top 10 after its release on 19 November.

South Korean superstars BTS were crowned artist of the year at the American Music Awards on Sunday, brushing aside challenges from Taylor Swift, Drake and The Weeknd as they took home a total of three awards and teamed up with Coldplay for a raucous "My Universe" and closed the show with "Butter." "Seven boys from Korea, united by love for music, met the love and support from all the armies all over the world," said BTS' RM after the group won their artist of the year for the first time.

Patrick Frater Asia Bureau ChiefBox office takings in South Korea retreated over the weekend, despite a local film taking the top spot. This year has seen a dearth of local movies releasing in cinemas, though that shortage may be reversed in the coming months.Local comedy drama film “Perhaps Love” was the biggest film of the weekend.

READ MORE: I'm a Celebrity 2021: Ant and Dec watch in horror as stars plunge into quarry for first challengeWill the gold medal Olympian thrive in the competition?The 23-year-old competed in the 2020 Tokyo Olympics with Daley and both won gold in the Men's synchronised 10-metre platform event. Before his gold medal, the duo competed in the 2019 World Aquatics Championships held in Gwangju, South Korea, where they finished in the bronze position in the 10-metre synchronised event.

Good afternoon International Insiders, Max Goldbart here with the headlines and major talking points of the week. To get this sent to your inbox every Friday, sign up here.

Wrapping a months-long process, Endeavor Group Holding has sealed a deal to sell most of its successful production unit to South Korean media giant CJ ENM.

was part of a $275 million investment round in Skydance Media, which also included RedBird Capital Partners. The company’s entertainment arm has been making major in-roads in Hollywood in recent years.

WINNER member Mino is set to make his acting and big screen debut in the upcoming Netflix movie Seoul Vibe. On November 10, the streaming platform announced Mino’s casting in the forthcoming film in a statement to South Korean news website Sports Kyunghang, noting that he is set to join the cast immediately as the movie starting production in August.The upcoming film was originally announced by Netflix earlier this year in June.