Korea’s CJ ENM Makes $1 Billion Bet on Endeavor Content to Become a Global Entertainment Player

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.

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,

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.

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

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.

was part of a $275 million investment round in Skydance Media, which also included RedBird Capital Partners. The company’s entertainment arm previously released, through Samuel Goldwyn Films, the drama “Endings Beginnings” and are currently developing other English-language remakes of Korean box office hits, including projects such as “Save the Green Planet” with producer Ari Aster, as well as “Extreme Job” and “Bye, Bye, Bye” that are collaborations with Kevin Hart and Universal.

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.

Todd Spangler NY Digital EditorNetflix has released new data for its global smash hit “Squid Game” — showing it as No. 1 with a bullet.“Squid Game” pulled in a staggering 1.65 billion hours of viewing in 28 days following its Sept.