ViacomCBS and CJ ENM Announce Global Strategic Partnership
PR93514
NEW YORK and SEOUL, Korea, Dec. 7, 2021 /PRNewswire=KYODO JBN/ --
-- Comprehensive Deal to Deliver World-Class Entertainment Across
Streaming Platforms
-- Paramount+ to Debut in Asia As Exclusive Bundle with TVING in 2022
ViacomCBS (NASDAQ: VIACA, VIAC) and CJ ENM today announced a new strategic
partnership that will bring premium entertainment to audiences worldwide with a
comprehensive global deal that includes co-productions for original series and
films, content licensing and distribution across ViacomCBS' and CJ ENM's
leading streaming services.
Logo -
https://mma.prnewswire.com/media/1672266/ViacomCBS_logo_FINAL_RGB_300dpi_Logo.jpg
Logo - https://mma.prnewswire.com/media/1703945/CJ_ENM_Logo.jpg
Paramount+ will also debut in South Korea in 2022 as an exclusive bundle with
TVING, CJ ENM's streaming service, marking its first entry to the Asian market.
"Korean entertainment has become a cultural juggernaut with unprecedented
demand, and CJ ENM is behind some of the biggest international hits that
transcend borders, including Academy Award-winning film Parasite," said Dan
Cohen, President, Global Distribution Group, ViacomCBS. "We are excited to
partner with CJ ENM to deliver world-class content that will captivate our
collective audiences, expand our intercontinental footprint and accelerate the
growth of our streaming services with this powerful collaboration."
ViacomCBS and CJ ENM will leverage their combined global reach, production
capabilities, world-renowned IP and hit-making pedigree to deliver key synergy
opportunities across both companies:
- Paramount Television Studios and CJ ENM/Studio Dragon will co-develop and
co-produce English-language scripted series based on CJ ENM/Studio Dragon's
titles for exhibition on Paramount+.
- ViacomCBS and CJ ENM will co-develop and co-finance movies for theatrical
and streaming releases with the plan to distribute one theatrical movie a year
in various territories.
- ViacomCBS and TVING will co-finance new Korean series for global
distribution on Paramount+.
- Paramount+ will license Korean-language series from CJ ENM's deep library
of IP.
- Pluto TV, the No. 1 free ad-supported streaming television service (FAST)
in America, will launch a dedicated CJ ENM branded channel on December 14
featuring K-content for U.S. audiences.
"CJ ENM is growing into a global leading entertainment company in accordance
with Chairman Lee Jay-Hyun's vision of expanding CJ's presence on a global
level," said Kang Ho-Sung, CEO, CJ ENM. "CJ ENM's vast library of original IP
will create synergy with ViacomCBS' production capabilities and distribution
channels to develop into global smash-hit content."
"We are focused on the rapid expansion of Paramount+ in markets around the
world," said Raffaele Annecchino, President and CEO, ViacomCBS Networks
International. "Our strategic partnership with TVING enables us to accelerate
Paramount+ subscriber growth while bringing more premium content to audiences
in this important market."
Other terms of the agreements were not disclosed.
ABOUT VIACOMCBS
ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment
company that creates premium content and experiences for audiences worldwide.
Driven by iconic consumer brands, its portfolio includes CBS, Showtime
Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET,
Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers
the largest share of the U.S. television audience and boasts one of the
industry's most important and extensive libraries of TV and film titles. In
addition to offering innovative streaming services and digital video products,
ViacomCBS provides powerful capabilities in production, distribution and
advertising solutions.
For more information about ViacomCBS, please visit www.viacomcbs.com and follow
@ViacomCBS on social platforms.
VIAC-IR
ABOUT CJ ENM
CJ ENM is a leading entertainment company originated from Korea. Since 1995,
the company has engaged in a wide array of businesses across the industry
spectrum including media content, music, film, performing arts, and animation,
providing its top-notch original content to various media platforms. CJ ENM has
created, produced and distributed globally acclaimed contents including
Cannes-winning film Parasite, Tony Award-winning musical Kinky Boots,
record-breaking Korean box office hits Roaring Currents, Extreme Job, Ode to My
Father, along with sought-after television series such as Mr. Sunshine,
Guardian: The Lonely and Great God, Grandpas over Flowers, I Can See Your Voice
and more. To offer the best K-Culture experiences worldwide, CJ ENM presents
KCON, the world's largest K-culture convention & festival celebrating Hallyu
and Mnet Asian Music Awards (MAMA), Asia's biggest music awards. With regional
offices in Asia, Europe and the U.S., CJ ENM currently employs over 3,600
people. For more information, please visit: http://www.cjenm.com
Source - ViacomCBS Inc.
CONTACTS: ViacomCBS, Karen Shosfy, karen.shosfy@viacomcbs.com; Bridget Darcey,
bridget.darcey@viacomcs.com; CJ ENM, Nicole Kim, narae.kim7@cj.net; Jieun Lee,
jieun.leee@cj.net
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。