Korean firm behind Parasite buys Endeavor Content
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South Korea s CJ ENM buys Endeavor Content s scripted business in $775m deal | News
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CJ ENM Takes Controlling Stake in Endeavor Content
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CJ ENM’s goal for the future
For this ambitious plan, CJ ENM will be investing more than ₩5 trillion won or around $4.5 billion in content creation in the next five years. The firm is behind the box-office hit film “Parasite,” which has also made records as the first Korean movie to win various awards in the U.S.
As part of its plan, Korea Economic Daily reported that the company already set aside ₩800 billion or $721M for the production of more original content such as “I Can See Your Voice,” which was already adapted by Fox TV and the acclaimed “Parasite” movie. CJ ENM’s chief executive officer, Kang Ho Sung, personally revealed its investment plans to grow the company via a press conference last week.