“Korean entertainment has become a cultural juggernaut with unprecedented demand, and CJ ENM is behind some of the biggest international hits that transcend borders, including Academy Award-winning film ‘Parasite ,‘” Dan Cohen, president of global distribution group at ViacomCBS, said. audiences.įinancial terms of the deal between ViacomCBS and CJ ENM were not disclosed Tuesday. 1 free ad-supported streaming television service (FAST) in America, will launch a dedicated CJ ENM branded channel on December 14 featuring K-content for U.S. Paramount+ will license Korean-language series from CJ ENM’s deep library of IP.ViacomCBS and TVING will co-finance new Korean series for global distribution on Paramount+.ViacomCBS and CJ ENM will co-develop and co-finance movies for theatrical and streaming releases with the plan to distribute one theatrical movie a year in various territories.Paramount Television Studios and CJ ENM/Studio Dragon will co-develop and co-produce English-language scripted series based on CJ ENM/Studio Dragon’s titles for exhibition on Paramount+.
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