Endeavor Sells Miss Universe Pageant To JKN World Media Of Thailand – Deadline

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Endeavor’s IMG international occasions group has offered The Miss Universe Group to Thailand-based JKN World Media.

Monetary particulars weren’t disclosed however JKN CEO Anne Jakapong Jakrajutatip instructed native press the worth tag was $14 million.

The group that oversees the annual Miss Universe competitors has been a part of IMG since 2015. Broadcast in 165 nations, it’s the most-watched female-focused occasion on the earth and probably the most tweeted about occasions yearly with over 23 million followers for its social media channel. The group additionally contains the Miss USA and Miss Teen USA pageants. It was owned by former President Donald Trump between 1996 and 2015.

Amy Emmerich and Paula Shugart will proceed with the group as, respectively, CEO and president.

“We’re happy with our crew’s success rising and increasing the Miss Universe Group by using the ability of the Endeavor community, drawing on experience throughout expertise, digital, content material, partnerships and licensing,” mentioned Endeavor president Mark Shapiro. “We’re equally happy with the progress the group has made in turning into a extra inclusive and highly effective platform the place ladies can advance each their enterprise targets and their cause-based work.”

Endeavor has been shedding property that it considers non-strategic or slower rising to broaden in its core companies.

CEO Emmerich mentioned “Paula and I see large alternative with JKN to create additional progress for this group on the worldwide stage and girls around the globe. Regardless of having just lately celebrated the group’s legacy of greater than 70 years, we’re simply getting began.”

Anne Jakapong Jakrajutatip, CEO, JKN World Group cited international attain, companions, manufacturers, and content material, licensing and merchandising alternatives the deal supplies. “We search not solely to proceed its legacy of offering a platform to passionate people from numerous backgrounds, cultures, and traditions, but additionally to evolve the model for the subsequent era.”

The Raine Group acted as unique monetary advisor to IMG on the transaction. Latham & Watkins LLP acted as authorized advisor to IMG.

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