Good afternoon International Insiders, Max Goldbart here with the headlines and major talking points of the week. To get this sent to your inbox every Friday, sign up here.CJ’s Endeavor: In a deal valuing the equity at almost $1BN, Endeavor Content has sold the majority of its scripted business to South Korean mega giant CJ ENM.
Things moved quickly. Rumour had abounded Monday when Endeavor execs said they had identified a “short list” of potential buyers on an earnings call and by Thursday afternoon it was clear Parasite (pictured) distributor CJ was the one.
The deal for 80% of Endeavor’s scripted business was worth $775M and values that part of the business close to $1BN. Big numbers.What’s next?: CJ ENM has been slowly increasing its