CJ ENM Completes Acquisition of Hollywood Studio 'Endeavor Content'

Acquired for a Final 930 Billion Won... "Exclusive Content Distribution Worldwide"

[Asia Economy Reporter Eunmo Koo] CJ ENM has completed the acquisition process of the Hollywood major studio Endeavor Content.

On the 19th, CJ ENM announced that it acquired approximately 80% of the shares, including management rights of Endeavor Content, for a final price of $785.38 million (about 930 billion KRW).

The remaining shares will be held by the existing major shareholder Endeavor Group Holdings to ensure stable business operations and build cooperative relationships, and key executives including co-CEOs Chris Rice and Graham Taylor will remain in place.

Endeavor Content, famous for participating in the production of "La La Land," is a studio with bases in 19 countries worldwide including Europe and South America, aiming to produce more than 40 films and dramas by next year.

CJ ENM explained that through the acquisition of Endeavor Content, it has instantly absorbed a portfolio encompassing East and West, a global pool of creators, and a strong overseas distribution network.

Kang Hoseong, CEO of CJ ENM, said, "The joining of Endeavor Content will act as a key driver for global growth," and added, "We plan to produce and distribute original content targeting the world, using Endeavor Content as a base."

This content was produced with the assistance of AI translation services.