Endeavor Nears Deal To Sell Content Business To South Korea’s CJ
Reading now: 472
deadline.comEndeavor 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.The CJ investment is said to be in the $900 million to $1 billion range.
CJ, which gained a wider profile in Hollywood by backing 2020 Oscar winner Parasite, would control 80% of the Endeavor Content scripted business, with Endeavor retaining 20%.The divestiture of Endeavor Content has been expected for months and followed expressions of interest from numerous parties.
Last February, Endeavor’s WME signed a franchise agreement with the Writers Guild of America. Guild members had argued that agencies owning their own production companies and representing
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
