CJ ENM
South Korean entertainment and retail company operating across television, film, music, digital content, and home shopping.
Last updated August 25, 2026
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Overview
CJ ENM is a South Korean entertainment and retail company within the CJ Group. Its activities combine content creation, media distribution, entertainment channels, film investment and distribution, music-related businesses, and commerce. The company traces its corporate origins to 1994, while the present CJ ENM structure was created on July 1, 2018, when CJ E&M and CJ O Shopping were merged. That transaction brought CJ's entertainment-media operations and home-shopping business under one corporate structure. The entertainment side includes television and digital content production and distribution, with recognizable CJ ENM properties and channels including tvN and Mnet. Its broader content portfolio covers scripted television, unscripted programming, films, music content, artist-related activities, and entertainment events. Through CJ Entertainment, the company has also operated in film investment, production-related activities, and distribution. The commerce division operates as a home-shopping business, extending the group beyond content into retail and consumer transactions. CJ ENM has pursued international expansion through partnerships and investments intended to widen the circulation of Korean content and develop productions for overseas audiences. In 2020, it entered a first-look arrangement with Warner Horizon. In December 2021, it partnered with ViacomCBS, now associated with Paramount, to support the availability of Paramount+ programming on TVING and to explore future co-productions. In January 2022, CJ ENM acquired a majority stake in Endeavor Content; the business was subsequently renamed Fifth Season in September 2022. In December 2023, Toho International announced an intention to acquire a 25 percent stake in Fifth Season for $225 million, subject to the terms and completion of that transaction. The company has also worked with international streaming platforms to make Korean drama and variety programming available in additional markets. A renewed partnership with Amazon Prime Video was described as expanding the availability of CJ ENM Korean content in India. Taken together, these activities position CJ ENM as a vertically and internationally oriented media group: it develops or acquires content, distributes it through channels and platforms, participates in film and music businesses, and operates a separate commerce business. Its current identity therefore reflects both the legacy of CJ's entertainment assets and the 2018 integration with home shopping.
History
CJ ENM's corporate history combines the development of CJ Group's entertainment activities with its later integration of commerce operations. The company identifies 1994 as its founding year, reflecting the origins of the relevant CJ entertainment and media business. Over time, CJ developed capabilities in television production and distribution, film investment and distribution, music, entertainment programming, and related media services. These activities eventually operated through CJ E&M, while CJ O Shopping developed the group's home-shopping and commerce operations. A decisive structural change occurred on July 1, 2018, when CJ E&M and CJ O Shopping merged. The resulting company was named CJ ENM, a name that reflected the combination of entertainment-media and merchandising activities. This created a company with two broad operating areas: an Entertainment Division focused on media and content, and a Commerce Division focused on home shopping. The entertainment operations include television channels and programming associated with brands such as tvN and Mnet, as well as film, music, and digital-content activities. CJ Entertainment represents the company's film business and has been associated with film investment and distribution. After the merger, CJ ENM continued to develop international relationships aimed at expanding content production and distribution beyond South Korea. In 2020, it established a first-look deal with Warner Horizon. In December 2021, it partnered with ViacomCBS on an arrangement concerning Paramount+ programming on TVING and possible future co-productions. These initiatives linked CJ ENM's Korean content ecosystem with international platform and production networks. CJ ENM then expanded its international production position through the acquisition of a majority stake in Endeavor Content in January 2022. The acquired business was renamed Fifth Season in September of the same year. The transaction gave CJ ENM a significant international content-production and sales asset, while preserving the broader company's focus on developing and distributing entertainment across markets. In December 2023, Toho International announced an intention to purchase 25 percent of Fifth Season for $225 million. The announcement demonstrated the continuing strategic importance of the Fifth Season business, although the referenced material does not establish the final completion status of that proposed transaction. The company has also used platform partnerships to extend the reach of Korean programming. A renewed arrangement with Amazon Prime Video was described as increasing access to CJ ENM Korean dramas and variety programs in India. CJ ENM's history is therefore characterized by three connected developments: the build-out of Korean entertainment capabilities, the 2018 combination of entertainment and home shopping, and an internationalization strategy based on partnerships, platform distribution, and overseas content assets.
- 2023
Toho announces proposed Fifth Season stake purchase
[1]Toho International announced plans to acquire 25 percent of Fifth Season for $225 million.
- 2022
Majority stake in Endeavor Content
[1]CJ ENM acquired a majority stake in Endeavor Content.
- 2022
Endeavor Content becomes Fifth Season
[1]The acquired company changed its name to Fifth Season in September.
- 2021
ViacomCBS partnership
[1]CJ ENM partnered with ViacomCBS on Paramount+ availability through TVING and possible future co-productions.
- 2020
Warner Horizon first-look deal
[1]CJ ENM established a first-look arrangement with Warner Horizon.
- 2018
CJ E&M and CJ O Shopping merge
[1]The two CJ Group subsidiaries merged on July 1, creating the present CJ ENM structure and combining entertainment-media with home-shopping operations.
- 1994
Corporate origins established
[1]CJ ENM traces its corporate origins to 1994.
Products and positioning
A diversified Korean entertainment and commerce company built around content creation, rights, distribution, channels, international partnerships, and home shopping.
Broadcasting and content production
Television and digital content
CJ ENM produces and distributes television and digital entertainment, including scripted and unscripted programming. Its entertainment portfolio is associated with channels and media brands such as tvN and Mnet. The business spans content development, production, channel operations, and distribution, allowing the company to serve domestic audiences while also licensing and exporting Korean programming internationally.
Film
CJ Entertainment
CJ Entertainment is the company's film business. It operates in film investment and distribution and forms part of CJ ENM's wider content portfolio. The film operation complements television, music, and digital activities by giving the company a presence across multiple formats and by supporting the circulation of Korean film content in domestic and international markets.
Music and live entertainment
Music business
CJ ENM's music activities include music content and entertainment-related operations, including music festivals and artist management. The business connects recorded and performed music with the company's television, digital, and event capabilities, while also supporting the international distribution and promotion of Korean music-related content.
Streaming platform
TVING
TVING is a Korean streaming and television platform referenced in CJ ENM's partnership with ViacomCBS. That partnership concerned bringing Paramount+ programming to TVING and exploring future co-production opportunities. TVING therefore functions as an important distribution channel within CJ ENM's broader strategy of combining owned or affiliated content with external international programming.
International content production and distribution · 2022
Fifth Season
Fifth Season is the name adopted in September 2022 by Endeavor Content after CJ ENM acquired a majority stake in the business. It represents CJ ENM's international content-production and distribution interests. The referenced material does not provide a complete description of its current operations, but places it within the company's global expansion strategy.
Home shopping and retail · 2018
CJ ENM Commerce Division
The Commerce Division operates as a home-shopping company. It was brought into the CJ ENM structure through the 2018 merger with CJ O Shopping. This business gives CJ ENM a retail and merchandising activity alongside its entertainment operations, creating a corporate model that combines media content, consumer products, and shopping services.
Brand decisions
2023
Proposed Toho investment in Fifth SeasonM&ABackground
Fifth Season's international content business attracted a proposed strategic investment from Japanese film company Toho.
Action taken
Toho International announced its intention to acquire 25 percent of Fifth Season for $225 million.
Aftermath
The referenced material records the announcement but does not establish whether the proposed transaction was completed.
Proposed purchase price for a 25 percent stake. $225 million (December 2023 announcement)
2022
Acquire a majority stake in Endeavor ContentM&ABackground
CJ ENM pursued a larger international footprint in content production and distribution.
Action taken
The company acquired a majority stake in Endeavor Content.
Aftermath
The business was renamed Fifth Season in September 2022 and became a central international content asset.
2021
Partner with ViacomCBS on Paramount+ and co-productionStrategyBackground
CJ ENM aimed to broaden TVING's international programming and develop future cross-border projects.
Action taken
CJ ENM partnered with ViacomCBS to bring Paramount+ content to TVING and consider future co-productions.
Aftermath
The partnership connected TVING with Paramount-related programming and international production opportunities.
2020
Establish a Warner Horizon first-look dealStrategyBackground
CJ ENM sought international relationships for the development and circulation of entertainment content.
Action taken
The company established a first-look arrangement with Warner Horizon.
Aftermath
The arrangement created an international project-review and development relationship.
2018
Merge CJ E&M with CJ O ShoppingM&ABackground
CJ Group combined its entertainment-media and home-shopping subsidiaries.
Action taken
CJ E&M and CJ O Shopping were merged on July 1, forming CJ ENM.
Aftermath
The new company operated with entertainment-media and commerce divisions.
Recent events
CJ ENM reported to plan acquisition of Lee Soo-man’s SM Entertainment shares[2]
Reported:
A report citing investment-banking sources said CJ ENM would acquire Lee Soo-man’s stake in SM Entertainment for 630 billion won and was expected to sign a contract that day or the following day.
CJ ENM acquires an 80% stake in Endeavor Content[3]
Reported:
CJ ENM said it acquired an 80% stake in Endeavor Content for 920 billion won; Endeavor Group retained the remaining 20%.
CJ ENM enters exclusive talks to acquire a stake in SM Entertainment[4]
Reported:
CJ ENM was reported to be in exclusive talks to acquire a 19.37% stake in SM Entertainment.
CJ ENM agrees to acquire Moho Film[5]
Reported:
CJ ENM recently signed a share purchase agreement to acquire Moho Film, including its management rights. The article reports that the deal value was not known.
ABS-CBN acquires rights to adapt Flower of Evil[6]
Reported:
ABS-CBN Entertainment acquired rights from CJ ENM and Studio Dragon to produce a Philippine local adaptation of the South Korean drama Flower of Evil.
- Unconfirmed
CJ ENM appoints Sebastian Kim as sales and acquisitions director[7]
CJ ENM appointed Sebastian Kim as director to lead its Seoul-based global sales and acquisitions arm. He will oversee finished-content sales and content acquisition for the company's channels.
Media Prima acquires remaining stake in CJ Wow Shop operator[8]
Media Prima acquired CJ ENM's remaining 49% stake in MP CJ ENM, the company associated with home-shopping brand CJ Wow Shop.
Netflix and CJ ENM agree to bring two Vietnamese films to Netflix[9]
Netflix announced an agreement with CJ ENM to make the Vietnamese films Go-go Sisters and The Girl from Yesterday available on its service; the article describes it as their first agreement for Vietnamese films.
Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.
CJ ENM and Skydance Media enter strategic partnership[10]
Reported:
CJ ENM said it signed a strategic partnership deal with Skydance Media to increase its foothold in the global market. CJ ENM and RedBird Capital Partners also made investments worth $275 million in Skydance Media.
CJ ENM and Studio Dragon enter strategic partnership with Netflix[11]
Reported:
CJ ENM and its subsidiary Studio Dragon entered a strategic partnership with Netflix through a multi-year content production and distribution agreement. Studio Dragon will produce original series for Netflix members worldwide for three years beginning the following year, and Netflix will receive distribution rights to selected other Studio Dragon titles.
Sources12 sources
- 1CJ ENMen.wikipedia.org
- 2据报道CJ ENM拟收购李秀满持有的SM娱乐股份ent.sina.com.cn
- 3CJ ENM收购Endeavor Content 80%股权koreaherald.com
- 4CJ ENM与SM娱乐就收购股权进入独家谈判kedglobal.com
- 5CJ ENM签约收购Moho Filmkedglobal.com
- 6ABS-CBN取得《恶之花》改编权pageone.ph
- 7CJ ENM任命Sebastian Kim负责全球销售与收购业务c21media.net
- 8首要媒体收购CJ Wow Shop运营公司的剩余股权theedgemalaysia.com
- 9Netflix与CJ ENM达成协议，将两部越南电影引入Netflixvietnamnews.vn
- 10CJ ENM与Skydance Media建立战略合作伙伴关系koreaherald.com
- 11CJ ENM、Studio Dragon与Netflix建立战略合作koreatimes.co.kr
- 12Netflix 宣布與韓國CJ ENM／STUDIO DRAGON成為長期合作夥伴 - 科技chinatimes.com
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