The agreement will allow Endeavor to retain 20% of the scripted side of the business, in addition to retaining the non-scripted division, as well as various documentary, film sales and financing consulting services.
The Australian production company announced the completion of its latest VR documentary project, “Beyond the Milky Way,” about one of the biggest-ever scientific endeavors in human history – the SKA, the world’s largest radio telescopes.
CJ ENM has entered into a definitive agreement to acquire an 80% stake of the scripted business of Endeavor Content from its parent company Endeavor Group Holdings for US$775 million in total proceeds.