Endeavor Sells Majority of Scripted Content Division to Korea’s CJ ENM in $775 Million Deal

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.

EXCLUSIVE: A trio of Korean unscripted formats are heading to the U.S. and international marketplace after Korean company Something Special struck a deal with Breaking Borders producer My Entertainment.

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

Naman Ramachandran The Indian arm of Sony is planning to produce local content that has the potential to travel globally.Speaking at Singapore’s Asia TV Forum and Market on Friday, Vivek Krishnani, MD at Sony Pictures Entertainment Films India, said: “We are strongly focusing on creating Indian IPs, which can crossover into the mainstream and therefore, to that extent, some of the content that we’re creating for certain OTT [streaming] platforms, does have the ability to appeal to audiences,

EXCLUSIVE: Jesse Collins has brought in Royal Ties Productions’ Tracey Kemble as EVP, Scripted Content at his Jesse Collins Entertainment. In the newly created role, Kemble will oversee development and production for all scripted content at the television and film production company based at Burbank, CA.

MILAN -- Travelers at Milan’s main train station will this week be able to take a break among reproductions of murals by elusive street artist Banksy.“The Word of Banksy — The Immersive Experience” opens Friday in the Mosaics Gallery, on the rail level of Milan’s monumental Central Station.It features reproductions of some of Banksy's best-known pieces, such as “Nola,” created in 2008 out of sympathy with the people of hurricane-battered New Orleans.Banksy’s street art has been recreated by

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.

Patrick Frater Asia Bureau ChiefCJ ENM Hong Kong, the Chinese-language offshoot of the South Korean media giant CJ ENM, is launching two Taiwanese series at the virtual ATF in Singapore.“The Amazing Grace of Sigma” is a 12-part crime, mystery thriller co-produced with Taiwan-based Rosebud Production.

Elle Korea, the star of the ongoing K-drama series Chimera spoke about her surprise over the sudden and recent popularity of Korean content, saying that she didn’t expect it to happen in “such a short time”.Kim noted that when she had been filming the 2014 Netflix series Marco Polo, her fellow co-stars were “very interested in Korean content”, although she didn’t specify which actors she was speaking about.

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.

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.

Cynthia Littleton Business EditorSouth Korean entertainment conglomerate CJ ENM is making a nearly $1 billion bet to grow into a bigger player in the global content business by buying an an 80% stake in Endeavor Content, the production entity that Endeavor was forced to divest after losing a showdown with the Writers Guild of America.CJ ENM described the deal as the biggest M&A transaction in its 26-year history.

Endeavor Group Holdings is close to a deal to sell a majority interest in its content unit to South Korea media company CJ ENM, according to people familiar with the pending transaction.

Cynthia Littleton Business EditorFast-growing Korean conglomerate CJ ENM, home of BTS and the distributor of “Parasite,” is in talks to acquire the majority of Endeavor Content in a deal valued between $900 million and $1 billion.CJ ENM came in with most attractive bid for 80% of the production-distribution unit out of a wide field of financial and strategic suitors, a source close to the situation said.

The Staples Center is getting a new name, and it’s happening very soon.

Gravitas Ventures, the indie film and documentary distributor founded and run by Nolan Gallagher, has been acquired by Canadian media giant Anthem Sports & Entertainment.Anthem bought Gravitas from Germany-based Red Arrow Studios as part of a multimillion dollar deal that includes Gravitas Ventures’ library of 3000 titles. Anthem’s transaction was based on a cash purchase price of $73 million along with an additional common stock consideration component.

Lady Gaga, 35, wowed during the latest premiere of her new film House of Gucci. The singer and actress stepped out on the red carpet of Milan, Italy’s event in a fashionable long red sleeveless gown that included a thigh-high slit and matching red heels. She also wore earrings, a necklace, and bracelets as some of her blonde locks were pulled back and the rest hung down.

Lady Gaga is looking incredible in her latest red carpet appearance on the House of Gucci press tour!