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October 26, 2022
JKN Global Group acquires The Miss Universe Organization from IMG
The transaction will expand JKN Global Group’s (“JKN”) portfolio of broadcast and entertainment properties to become a world-leading omnichannel powerhouse.
The acquisition will seek to build on The Miss Universe Organization’s more than 70-year legacy, including expanded investment in licensing and merchandising opportunities.
With today’s announcement, JKN Chief Executive Officer Anne Jakapong Jakrajutatip becomes the first woman owner in The Miss Universe Organization’s history.
Photo: Anne Jakapong Jakrajutatip, CEO of JKN Global Group and the first woman owner of The Miss Universe Organization.
BANGKOK, Oct. 26, 2022 — JKN, a Thai-owned media and content conglomerate, has announced the acquisition of The Miss Universe Organization from IMG.
The Miss Universe Organization is an international, inclusive organization that celebrates women of all backgrounds, cultures, and traditions and exists to advocate for a future forged by women and suitable for all. At 71 years, MISS UNIVERSE® is one of the longest-running and most-watched competitions in the world, broadcast in 165 countries worldwide and seen by more than half a billion people annually.
Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization provides a global platform for more than 10,000 women annually to affect positive change through dedicated personal, professional, and philanthropic activities worldwide. Today’s announcement further propels the Organization’s commitment to inclusivity, with JKN Global Group’s Chief Executive Officer Anne Jakapong Jakrajutatip becoming the first woman owner of The Miss Universe Organization. The transition expands JKN’s global broadcast and media portfolio across entertainment and consumer products. JKN’s acquisition will build on The Miss Universe Organization’s strong brand and vision, developing an integrated and compelling proposition with new opportunities to grow the business in key and untapped markets, including Asia.
JKN said that it would leverage the strength of the Miss Universe brand and JKN’s lifestyle portfolio to create a new range of merchandise, as well as entertainment and various business opportunities that reflect the brand’s strength.
Anne Jakapong Jakrajutatip, Chief Executive Officer of JKN Global Group, said: “We are incredibly honored to be acquiring The Miss Universe Organization and working with its visionary leadership team. The global reach of the Organization, its relationships with global partners and brands, and its wealth of content and merchandising opportunities make this a strong, strategic addition to our portfolio. We seek to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions and to evolve the brand for the next generation.”
Amy Emmerich, Chief Executive Officer, and Paula Shugart, President of The Miss Universe Organization, shared: “We are excited to continue the evolution of The Miss Universe Organization with JKN. Our relationships with global partners and brands have never been stronger, and our progressive approach positions us at the forefront of our industry. We want to thank IMG for providing a foundation to realize our aspirations for the brand.”
Source: JKN Global Group
|GlobalGiants.Com|
Edited & Posted by the Editor | 3:32 AM | Link to this Post
