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Tag: CJ Group

  • CJ Group vice chairwoman Miky Lee will receive the International Academy’s 2022 Directorate Emmy Award

    CJ Group vice chairwoman Miky Lee will receive the International Academy’s 2022 Directorate Emmy Award

    Mumbai: CJ Group vice chairwoman Miky Lee will receive the International Academy’s 2022 Directorate Emmy Award. The announcement was made by the International Academy of Television Arts and Sciences president and CEO, Bruce L. Paisner.

    The International Academy’s Special Emmy will be presented to Lee at the 50th International Emmy Awards Gala on 21 November 2022, in New York City.

    Paisner said, “Miky Lee is in a class of her own, a visionary leader who has harnessed her exceptional business acumen and love of her country’s culture by tirelessly spearheading the global phenomenon of the Korean wave for over twenty-five years. The whole world witnessed her commitment to our industry and Korea when she, along with the creators of “Parasite,” enthusiastically accepted the Oscar for her company’s award-winning film “Parasite,” a historic milestone for Korean content.”

    CJ’s presence was strengthened by leading the global phenomenon of the Korean wave, starting with the investment by DreamWorks SKG in 1995, which was a monumental moment in the company’s transformation from a food company to an entertainment business. In fact, she was the key driving force behind K-Pop’s global success, creating and growing KCON, the world’s No. 1 K-culture festival that celebrates Korean culture and music. In 2019, she was executive producer of “Parasite,” the first foreign language film in history to win the Best Picture Oscar. Since 2020, she has been serving as vice chair of the board of trustees of the Academy Museum of Motion Pictures. Lee is the grandchild of Lee Byung-Chul (the founder of CJ and the Samsung Group).

    Headquartered in Seoul, CJ ENM engages in businesses across the industry spectrum, including media content, music, film, performing arts, and animation. CJ ENM’s credits include the television series Crash Landing on You, Guardian: The Lonely and Great God, Hospital Playlist, and the films “Snowpiercer,” “Miss Granny,” the BAFTA-winning “Handmaiden,” and the Tony Award-winning Broadway production “Kinky Boots.” CJ ENM’s critically acclaimed content is enjoyed by a global audience on various media platforms and has been remade into multiple versions.

    United under the slogan “We live to discover Untold Originals,” CJ ENM has three production and distribution studios: drama production powerhouse Studio Dragon, K-OTT content production studio CJ ENM Studios, and US-based studio Endeavor Content, which it acquired in 2021.

  • Providence Equity to buy out Star India from Star CJ venture

    Providence Equity to buy out Star India from Star CJ venture

    Mumbai: Star India has been getting out of non-core activities to focus on its  broadcasting (entertainment and sports) and digital businesses. Among the operations it bailed out on figure cable distribution where it exited from Hathway Cable & Datacom and news where it moved out from Media Content & Communication Services (the Star News venture).

     

    Earlier this week, both Korea Bizwire and  Variety.com reported that Star India has decided to sell its 50 per cent stake in the Indian home shopping joint venture venture Star CJ with South Korea’s CJ O Shopping  to Providence Equity Partners following approval from the previous Indian government.  The approval process took close to a year and got the Foreign Investment Promotion Board go-ahead just as the previous government’s tenure was ending.

     

    The quantum that the $40 billion corpus Providence Equity would be paying to buy out Star’s holding was not disclosed but it would be done through a Mauritian subsidiary of the private equity fund. The deal between Star and Providence was signed on 29 May, said the Korea Bizwire report.

     

    The remainder 50 per cent equity will continue to be with CJ O Shopping, which is part of the CJ group.

     

    Both CJ and Star have invested $55 million in the joint venture, which began in 2009 as a six hour slot on Star Utsav, which was then expanded into a 24 hour Star CJ home shopping channel. It reportedly had estimated revenues of about $98 million and can continue to use the Star CJ brand for the next 12 months.

     

    CJO Shopping is optimistic of ramping up business through Star CJ following its bringing in Providence as a “financial partner.”  Providence also owns equity in European home shopping venture  HSE24, apart from having holdings in Indian cable TV distribution company Hathway Cable & Datcom and UFO Moviez.

     

    The move comes at a time when the Network18 (now Reliance Industries) owned HomeShop18 is preparing for a public offering in New York.

  • SPTI to launch deal with CJ’s new drama series ‘Hyena’

    SPTI to launch deal with CJ’s new drama series ‘Hyena’

    MUMBAI: Sony Pictures Television International (SPTI) has entered into a long-term agreement with one of Korea’s entertainment company, CJ Media Inc., to distribute a selection of its upcoming and future drama series to broadcasters and digital content providers across Asia outside of Japan, China and Korea.

    The deal strengthens the partnership between SPTI and the CJ Group which was established last year when SPTI acquired the distribution rights from CJ Entertainment for the two Korean features How to Keep My Love and The Greatest Expectation.

    SPTI senior vice president distribution Asia Ross Pollack said, “Korean dramas have enjoyed unprecedented popularity domestically and abroad in recent years and we are thrilled to partner with one of the largest media and entertainment corporations in Korea, CJ Media Inc. As The Asian Hollywood Studio, this deal further enhances our already significant ability to bring our clients the very best product, whether it’s from Hollywood or more close to home in Asia.”

    CJ Media executive vice president broadcasting division Won-Pil Shim said, “We are proud to be partnering with SPTI for distribution of CJ Media Inc.’s original drama and made for television movie content. Based on our over 10 years of experience in producing and broadcasting on the Korean television market, we are geared up to create and produce quality original content for not only Korean audiences, but audiences throughout Asia and beyond.”

    The first drama to be distributed as part of the deal is Hyena, a 16-episode series following the lives of four playful guys — Chul-Soo (played by Min-Jong Kim), Suk-Jin (played by Sung-Rok Shin), Jin-Bum (played by Man-Seok Oh), and Jin-Sang (played by Da Hoon Yoon) — as they discover that though they may only look for casual relationship, sometimes they find true love.