O’Melveny Advises CJ ENM in Acquisition of Endeavor Content Valued at US$850 Million
November 23, 2021
FOR IMMEDIATE RELEASE
CENTURY CITY—November 23, 2021—O’Melveny advised CJ ENM, the leading entertainment company originated from Korea, in a definitive agreement to acquire an 80% stake of the scripted business of US-based global premium content studio, Endeavor Content, from its parent company Endeavor Group Holdings for an enterprise valuation of US$850 million.
The transaction was announced on November 18 and is expected to close early in the first quarter of 2022.
Headquartered in Seoul, Korea, CJ ENM is best known for its recent multiple Academy Award-winning film Parasite. CJ ENM’s entertainment division engages in a wide array of businesses across the industry spectrum, including media content, music, film, performing arts, and animation. This acquisition is the largest M&A for CJ ENM, which first invested in DreamWorks and jumped into the content business 26 years ago.
Based in Beverly Hills, California and launched in 2017, Endeavor Content is a production advisory, sales, and distribution studio that has owned, financed, and/or sold more than 125 films and television series that have garnered more than 69 Emmy wins and nominations and 59 Academy Award wins and nominations.
The O’Melveny team advising CJ ENM is led by Korea Corporate Practice Head Daniel Kim, Entertainment, Sports & Media Group Co-Head Amy Siegel, partner Silvia Vannini, counsel Rob Catmull and Zach Greenberg, and associate Hae-in Park, with partner Robert Fisher and counsel Billy Abbott advising on tax issues.
O’Melveny has been synonymous with entertainment law since Hollywood’s Golden Age of the 1930s. The firm has repeatedly helped major players in film, television, digital media, production and distribution, gaming, music, and finance forge groundbreaking deals and resolve high-profile disputes. As shifting financial models and technological advances transform today’s entertainment and media business, O’Melveny remains a firm of choice for industry leaders.
It’s more than what you do: it’s how you do it. Across sectors and borders, in board rooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit us at www.omm.com or learn more in our firm at-a-glance, annual report, and on LinkedIn, Twitter, Facebook, Instagram, and YouTube. Visit The Boardroom for our insights on pressing issues facing global corporations.
O’Melveny & Myers LLP
+1 213 430 8024
# # #