Inside Korean Mogul Miky Lee’s Billion-Dollar Hollywood Play | Analysis

CJ ENM’s purchase of Endeavor Content comes after Skydance investment and its Best Picture win for ”Parasite“

Emboldened by a history-making win at the Oscars with “Parasite” two years ago, the South Korean CJ ENM led by its principal Miky Lee has now made a significant power move with the acquisition of the prestigious Endeavor Content, a sign of rising Korean investment in Hollywood.

By acquiring an 80% stake in Endeavor’s scripted content business for $775 million last week, CJ ENM caps a series of Hollywood deals in recent years with the biggest investment in its 26-year history.

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Brian Welk

Film Reporter • brian.welk@thewrap.com • Twitter: @brianwelk

Tim Baysinger

TV reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays