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Korea’s CJ ENM Commits $4.5B To Content Creation In Five-Year Global Push
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deadline.comSouth Korean entertainment powerhouse CJ ENM is eyeing a bigger role on the world stage, saying it will invest more than 5 trillion won ($4.5B) in content creation over the next five years.
The company behind Bong Joon-ho’s Oscar winner Parasite and Fox’s I Can See Your Voice has already set aside 800B won ($721M) for productions this year, CEO Kang Ho-sung said at a press conference in Seoul today, according to the Yonhap news agency.“We will become a comprehensive entertainment company through diversifying content creating systems and meeting consumers’ demands on a real-time basis.
And we will compete with global platform and media powerhouses,” Kang vowed.CJ ENM is a major player in Asia and has a presence globally; in 2020, it made a
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