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Aces are worth 1, face cards (like King, Queen, Jack) are worth , and other cards are worth their number (so a 5 is worth five). The organization will also be in a position to expand its original IP collection to incorporate that of Endeavor Content. The library and portfolio that holds a wide range of IPs from all over the globe will assistance CJ ENM’s strategy to launch its OTT platform, TVING, globally. According to Kang Ho-Sung, CEO, CJ ENM, the enterprise strives to come to be a main worldwide studio encompassing content that appeals to a international audience. The deal to obtain the 80% stake, like management rights, was authorized by CJ ENM’s board of directors on Nov. 19. Endeavor will retain 20% of the scripted portion of the enterprise, in addition to retaining the non-scripted portion of the business enterprise, as effectively as specific documentary and film sales and financing consulting solutions. Endeavor Content’s Graham Taylor and Chris Rice will continue to lead the studio as co-CEOs. The two organizations anticipate the deal will close in the initial quarter of 2022.

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