SEOUL, Mar. 4 (Korea Bizwire) — The South Korean baseball league announced Monday it has signed a record-setting streaming rights deal with CJ ENM, with its games moving behind a paywall for the first time. For the next three seasons, CJ ENM, the media and entertainment arm of CJ Group, will carry Korea Baseball Organization [...]
SEOUL, Sept. 15 (Korea Bizwire) — JYP Entertainment, the agency-label behind K-pop girl groups like ITZY and TWICE, exceeded the market cap of South Korean media and entertainment giant CJ ENM for the very first time. Shares of JYP finished at 63,000 won on Sept. 8 with a market cap of 2.23 trillion won (US$1.65 [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that the CJ ENM Virtual Production Stage had opened with the installation of the LED display The Wall. The Virtual Production Stage is a fully-modern studio with the entire stage decorated with large LED screens, thereby enabling a variety of backgrounds to be displayed. [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s leading media and entertainment company CJ ENM said Thursday it will set up a drama studio in Japan through a joint venture with its drama production company Studio Dragon and Line Digital Frontier, a Japanese unit of Naver Webtoon. The three parties will jointly invest 30 billion [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s media and entertainment giant CJ ENM said Friday it has acquired a managerial stake in Hollywood studio Endeavor Content in a record 920 billion won (US$775 million) deal to strengthen its overseas business. CJ ENM purchased an 80 percent stake in the content production-distribution unit of U.S. [...]
SEOUL, Oct. 19 (Korea Bizwire) — CJ ENM, a leading entertainment and media company, is in talks to bring K-pop powerhouse SM Entertainment under its control, a source with direct knowledge of the talks has said. The deal, if realized, would see the birth of an entertainment giant that could shake the Korean pop cultural [...]
SEOUL, July 26 (Korea Bizwire) — Samsung Electronics Co. on Monday said it has signed a partnership with CJ ENM Co., the county’s top entertainment firm, to establish a virtual production set for content development. Samsung will supply its microLED display product, the Wall, to CJ ENM’s virtual studio, which will open in Paju, 30 [...]
SEOUL, May 31 (Korea Bizwire) — CJ ENM, an entertainment giant, said Monday it will invest more than 5 trillion won (US$4.48 billion) in content creation over the next five years to become a global content creator. “We will become a comprehensive entertainment company through diversifying content creating systems and meeting consumers’ demands on a [...]
SEOUL, Feb. 16 (Korea Bizwire) — KCON, a major K-pop and Korean culture festival that draws millions of viewers each season, will be held online again next month amid the prolonged coronavirus pandemic, its organizer said Tuesday. The third season of the online event, titled “KCON:TACT,” will stream from March 20-28 through YouTube and the [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korean online game maker NCSOFT Corp. said Tuesday it has joined hands with the country’s entertainment giant CJ ENM to make further inroads into the burgeoning platform business. Under a memorandum of understanding (MOU), the two will establish a joint venture in the content and digital platform sectors [...]