![]() The deal, and access to Endeavor’s content library, including hit series Killing Eve and Normal People and films such as a Just Mercy and Book Club, will also help CJ as it rolls out its South Korean streaming service TVING worldwide. ![]() The CJ/Endeavor tie-up is an opportunity for both companies to boost their production potential and take a bigger share of growing licensing and commissioning revenues from the streamers. Suitors are reportedly also eyeing other high-profile production groups, from Imagine and Legendary to Lebron James’ SpringHill Entertainment. 4 agreement to buy kids entertainment group Moonbug Entertainment, producer of CoComelon and Blippi, for a reported $3 billion, and a deal, valued at around $50 million, and expected to close early 2022, to purchase Faraway Road Productions, the Israeli company behind Fauda and Hit & Run. The Hello Sunshine deal, valued at $900 million, spearheaded by former Disney executives Kevin Mayer and Tom Staggs, was followed up with a Nov. Amazon’s MGM deal gives Jeff Bezos’ global conglomerate, and its Amazon Prime streaming service, a deep library of film and TV content, including the James Bond franchise. 18.Įlton John to Release Book Detailing Journey of Farewell Yellow Brick Road TourĪll can be seen as a reaction to a power shift in the industry as streaming and other digital entertainment grows in importance and traditional revenue streams, including theatrical box office, become less significant. 4 acquisition of competitor ICM Partners, financial details of which were not disclosed, and the $775 million agreement by South Korean production giant CJ Entertainment - the company behind Parasite - to acquire an 80 percent stake of the scripted business of Endeavor Content, unveiled Nov. ![]() The worldwide consolidation of independent production companies, which picked up pace in 2021, looks likely to continue through 2022 as the global streaming boom pushes up both demand and budgets for film and TV series.īeyond the planned multi-billion-dollar entertainment mega-merger of Discovery and AT&T’s WarnerMedia, among the biggest content-centric deals of 2021 were Amazon’s $8.45 billion deal to buy MGM in May, Reese Witherspoon’s $900 million sale of her Hello Sunshine shingle (producer of The Morning Show and Big Little Lies) in August to a firm backed by private-equity giant Blackstone Group, Creative Artists Agency’s Oct.
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