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ViacomCBS and CJ ENM Ink Global Content Pact, Will Launch Paramount Plus in South Korea

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Todd Spangler NY Digital EditorViacomCBS and South Korea’s CJ ENM announced global content deal encompasses coproductions for original TV shows and films as well as content licensing and distribution across the companies’ streaming services.Also under the pact, the companies will launch Paramount Plus in South Korea in 2022 as an exclusive bundle with CJ ENM’s TVING streaming service — marking its first launch in Asia.News of the deal comes less than a month after CJ ENM paid nearly $1 billion for an 80% stake in Endeavor Content, the production entity that Endeavor was forced to divest after losing a showdown with the Writers Guild of America.“Korean entertainment has become a cultural juggernaut with unprecedented demand, and CJ ENM is.

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