Endeavor Nears Deal To Sell Content Business To South Korea’s CJ
and offered a few comments on the status of the content unit sale. They declined to break out revenue for Endeavor Content, but asserted that the unscripted business, which will stay a part of the company, is thriving.
Profit margins in the business segment where the content business has been reported should increase after the sale is finalized, CFO Jason Lublin said on Monday’s earnings call. “We also think the representation segment should be simpler to evaluate without the challenges of determining production and episodic delivery timing in the segment,” he added.
Among CJ’s other investments in entertainment is a stake in Skydance Media. It was also an early investor in DreamWorks. In fact, DreamWorks is an important piece of connective tissue between the companies. Endeavor CEO Ari Emanuel has longstanding ties with CJ Group vice chair Miky Lee. In 1995, as an agent, he helped broker the company’s $300 million investment in DreamWorks SKG in exchange for distribution rights in Asia outside of Japan, a business area then spearheaded by Lee.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How Do I Shop for the Holidays Without Wasting Money?Supply-chain issues may make holiday shopping extra annoying and expensive this year. Here's what you can do to avoid this vortex of extra stress and cost
Lire la suite »
SKorea sees record virus jump as thousands take college examSouth Korea reported its biggest daily jump in coronavirus infections since the start of the pandemic as hundreds of thousands of masked students flocked to schools on Thursday for the country’s highly competitive college entrance exam.
Lire la suite »
Google to pay German media for online content under ''milestone'' dealThe agreement is a first between the global tech giant and a number of publishers, serving to strengthen partnerships following an EU copyright dispute over media contents.
Lire la suite »
New Selling Sunset Realtor Emma Hernan Proves She's Already BFFs With Her Co-Stars - E! OnlineIn an exclusive Q & A with E! News, Selling Sunset newcomer Emma Hernan dished about joining the Netflix hit, her business expertise and more.
Lire la suite »
South Korea reports record 3,292 Covid cases – latest updatesSouth Korea reports record-high cases as serious infections cause concerns. Other Covid-19 updates: 🇧🇷 Brazil sees 11,977 cases 🇧🇪 Belgium tightens measures as infections ‘explode’ 🇲🇽 Mexico reports 332 more deaths For more:
Lire la suite »
South Korea’s climate targets will mean remaking its economyThe transition to a low-carbon economy will be a huge challenge for manufacturers. The fact that South Korea is so late to the game makes the task harder
Lire la suite »