The acquisition will give CJ ENM access to Endeavor Content’s portfolio covering a roster of talent and creators and a robust global distribution network, thus strengthening its global content production and multi-studio structure. Endeavor Content’s large library continues to expand, and the company expects to be involved in the production of more than 40 movies and series by 2023. It also transforms CJ ENM from being a key player in the Asia region into a global operation.
“Endeavor has retained 20% of the scripted portion of Endeavor Content and has retained the non-scripted portion of the business, as well as certain documentary and film sales and financing consulting services,” Endeavor said in a regulatory filing. Endeavor Content was formed in 2017 to rev up the content production side of Endeavor, but the move helped spark a two-year fight with the Writers Guild of America over conflict of interest concerns because the company also owns Hollywood’s largest talent agency, WME.
In January 2021, Endeavor reached a settlement with the Writers’ Guild of America that called for it to divest the majority of its interest in the scripted film and TV operations of Endeavor Content, which has co-produced such series as BBC America’s “CJ ENM has operations that stretch from film to TV, music and performing arts. Its past film hits include “Parasite,” Roaring Currents” and “Ode to My Father.” Its TV highlights include “Mr.