Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Instagram Outage Disrupts Thousands of U.S. Users 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
CJ ENM, one of the leading entertainment companies in South Korea, is investing ₩100 billion or around $82.3 million in the media unit of KT Corp., KT Studio Genie. The company is aiming to build ties for media content so it can advance globally.
According to The Korea Herald, the CJ ENM’s investment in KT Studio Genie was revealed on Monday, March 21, through business filing. The two companies were said to have signed a memorandum of understanding (MOU) on the same day of the filing; thus, the deadline for the acquisition has been set to 90 days after the announcement.
With the money that CJ ENM is putting in, it will become KT Studio Genie’s shareholder with about a 10% stake. The two will also engage in more collaborations in the future for the digital music streaming business, and they are expected to discuss this soon.
They will also be forming a team and set up a committee of executives to oversee the venture. No other details were shared about the acquisition deal.
In any case, the agreement will give CJ ENM early distribution rights to KT Studio Genie’s original content. These are the creations that can be streamed or broadcast on the entertainment company’s TV channels, such as OCN, tvN, and Tving streaming platform.
Korea Joongang Daily reported that KT Studio Genie will also co-produce content with CJ ENM contingent on the KT’s media arm’s intellectual property. The studio has a wide range of media content for production and distribution. Some of its businesses include web novels, webtoons, a satellite TV network, and music streaming services.
Meanwhile, the deal is expected to help CJ ENM bring more content worldwide, and for KT Studio Genie, the new partnership will help it strengthen and widen its content distribution channels by making use of CJ ENM’s vast network.
“The cooperation with KT, a leading media platform operator, will be a big boost to CJ’s efforts to become a global entertainment company,” The Korea Economic Daily quoted Kang Ho Sung, CJ ENM’s chief executive officer, as saying after the signing of MOU with KT Group’s transformation division head, Yoon Kyung Lim on Monday.
