M&A Deal Summary

CJ ENM Acquires Hyperreal

On April 28, 2022, CJ ENM acquired media company Hyperreal

Acquisition Highlights
  • This is CJ ENM’s 2nd transaction in the Media sector.
  • This is CJ ENM’s 2nd transaction in the United States.
  • This is CJ ENM’s 1st transaction in New York.

M&A Deal Summary

Date 2022-04-28
Target Hyperreal
Sector Media
Buyer(s) CJ ENM
Deal Type Add-on Acquisition

Target

Hyperreal

New York, New York, United States
Hyperreal is a Metaverse Studio and entertainment producer that empowers A-list talent and A-list brands with a digital asset that enables them to maximize their value in the world of virtual appearances and virtual commerce. Hyperreal was formed in 2019 and is based in New York, New York.

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Buyer(S) 1

Buyer

CJ ENM

Seoul, South Korea

Category Company
Founded 1994
Sector Media
Employees2,947
Revenue 4.37T KRW (2023)
DESCRIPTION

CJ ENM is an entertainment and retail company that distributes broadcasting channels and contents through cable television, satellite broadcasting, and other related services. CJ ENM was founded in 1994 and is based in Seoul, South Korea.


DEAL STATS #
Overall 3 of 3
Sector (Media) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Endeavor Content

Beverly Hills, California, United States

Endeavor Content launched in 2017 as a platform and talent agency-agnostic production, advisory, sales, and distribution studio that puts artists, creators, and producers first. Endeavor Content’s mission later expanded to become a more inclusive studio that champions and supports content and creators who engage diverse audiences. Since its inception, Endeavor Content has owned, financed, and/or sold more than 125 films and television series that have garnered more than 69 Emmy wins and nominations and 59 Academy Award wins and nominations. Major hits include “In the Heights” and “Just Mercy” for Warner Brothers, “Book Club” for Paramount Pictures, “Blue Miracle” for Netflix, and “Joe Bell” with Roadside Attractions. The studio has also made its mark internationally, handling global distribution for hit series including “Killing Eve,” “The Night Manager,” “Normal People,” and “Nine Perfect Strangers.”

Buy $850M