South Korean entertainment giant CJ ENM has struck a co-production partnership with Japan’s Tokyo Broadcasting System (TBS) Group.
The strategic alliance will accelerate the expansion of TBS’ content offerings for the global marketplace, as well as its shift towards digital content.
The deal will see the two companies develop and produce dramas, variety shows, movies, and other content that targets not only Japan and South Korea, but also the global market.
The partners also plan to combine their respective strengths y working together on live entertainment including music and theatre, as well as anime and comics.
TBS Television senior managing director Tatsuo Sugai commented, “TBS Holdings aims to grow through entry and expansion into new global markets. Leveraging TBS Group creative talent and CJ ENM’s proven competitive strengths, we expect that the partnership will achieve great new synergies in the production of global content.”
CJ ENM VP Choi Jin-hee added: “This agreement brings together the production capabilities of the two leading content companies in South Korea and Japan with the shared ambition of creating content for the global market.
“Working closely with our global content partners, CJ ENM will continue to deliver new content to global markets.”
CJ ENM Group production companies are behind shows including Netflix’s Crash Landing On You and Psycho But It’s Okay, while TBS is known for dramas such as Hanzawa Naoki and The Full Time Wife Escapist and for formats like Takeshi’s Castle and Ninja Warrior.