IMG Sells The Miss Universe Organization to Thailand-Based Media Company JKN
October 26 2022 - 06:30AM
Business Wire
IMG, an Endeavor company and global leader in events, media,
sports and fashion, today announced it has sold The Miss Universe
Organization (MUO), the global organization overseeing the annual
MISS UNIVERSE competition, to Thailand-based JKN Global Media
Public Company Limited.
Since joining the IMG family in 2015, the organization and its
global reach have grown tremendously. Today, the MISS UNIVERSE
competition is broadcast in 165 countries and is the most-watched
female-focused event in the world. The event is also one of the
most tweeted about events annually, and its social media channels
have more than 23 million followers combined.
Amy Emmerich and Paula Shugart will continue with the
organization as CEO and President, respectively.
“We are proud of our team’s success growing and expanding the
Miss Universe Organization by utilizing the power of the Endeavor
network, drawing on expertise across talent, digital, content,
partnerships and licensing,” said Mark Shapiro, President,
Endeavor. “We’re equally proud of the progress the organization has
made in becoming a more inclusive and powerful platform where women
can advance both their business objectives and their cause-based
work.”
“We look forward to this next chapter in the Miss Universe
story,” remarked Amy Emmerich, CEO, MUO. “In the short time I’ve
been with the organization, I’ve seen firsthand the passion of our
employees, franchisees, and partners, as well as our incredible
community. Paula and I see tremendous opportunity with JKN to
create further growth for this organization on the global stage and
women around the world. Despite having recently celebrated the
organization’s legacy of more than 70 years, we are just getting
started.”
“We are incredibly honored to be acquiring The Miss Universe
Organization and working with its visionary leadership team,” said
Anne Jakapong Jakrajutatip, CEO, JKN Global Group. “The global
reach of the Organization, its relationships with global partners
and brands, and its wealth of content, licensing, and merchandising
opportunities make this a strong, strategic addition to our
portfolio. We seek not only to continue its legacy of providing a
platform to passionate individuals from diverse backgrounds,
cultures, and traditions, but also to evolve the brand for the next
generation.”
The Raine Group acted as exclusive financial advisor to IMG on
the transaction. Latham & Watkins LLP acted as legal advisor to
IMG.
About IMG IMG is a global leader in sports, fashion,
events and media. The company manages some of the world’s greatest
athletes and fashion icons; owns and operates hundreds of live
events annually; and is a leading independent producer and
distributor of sports and entertainment media. IMG also specializes
in licensing, sports training and league development. IMG is a
subsidiary of Endeavor (NYSE: EDR), a global sports and
entertainment company.
About The Miss Universe Organization The Miss Universe
Organization (MUO) exists to advocate for a future forged by women
and good for all. It is a global community that supports women to
realize their goals through experiences that build self-confidence
and create opportunities for success. MISS UNIVERSE® programs
provide the 10,000 women who participate annually an international
platform to affect positive change through influential humanitarian
and professional efforts. The delegates and titleholders are
leaders and role models in their communities; they develop personal
and professional goals, and inspire others to do the same. To learn
more, visit www.missuniverse.com.
About JKN Global Media Public Company Limited JKN Global
Group Public Company Limited and its subsidiaries are a group of
companies that engage in the business of providing services and
distributing copyrighted content that has received huge ratings on
various television stations and created phenomenal success by
taking the company into the Stock Exchange of Thailand under the
name JKN. Our name stands for Jakapong Network, which is the name
of our Chief Executive Officer and Managing Director Jakapong
Jakrajutatip. JKN Global Group Public Company Limited also sells
goods and products as well as commercial time through JKN18 digital
TV channel. Our goal is to become a major content commerce
company.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that do not
relate to matters of historical fact should be considered
forward-looking statements. These forward-looking statements are
based on management’s current expectations, are neither promises
nor guarantees and involve known and unknown risks, uncertainties
and other important factors that may cause actual results to
materially differ from what is expressed or implied by the
forward-looking statements, including, but not limited to the
factors discussed in Part I, Item 1A “Risk Factors” in Endeavor’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2021, as any such factors may be updated from time to time in its
other filings with the SEC, accessible on the SEC’s website at
www.sec.gov and Endeavor’s Investor Relations site at
investor.endeavorco.com. Forward-looking statements speak only as
of the date they are made and, except as may be required under
applicable law, Endeavor undertakes no obligation to update or
revise any forward-looking statements.
Website Disclosure Investors and others should note that
we announce material financial and operational information to our
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Media Contact Maura McGreevy press@endeavorco.com
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