ViacomCBS, CJ ENM Strike Global Strategic Partnership

and South Korean entertainment powerhouse CJ ENM have unveiled a 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.”

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, the companies said. CJ ENM recently agreed to acquire Endeavour Content. “Korean entertainment has become a cultural juggernaut with unprecedented demand, and CJ ENM is behind some of the biggesthits that transcend borders, including Academy Award-winning film Parasite,” said Dan Cohen, president, global distribution group at ViacomCBS.

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