IMG sells Miss Universe organization to Thai media company JKN

NEW YORK, October 26, 2022–(BUSINESS WIRE)–IMG, an Endeavor company and global leader in events, media, sports and fashion, today announced that it has sold The Miss Universe Organization (MUO), the global organization that oversees the annual MISS UNIVERSE pageant, at Thailand based JKN Global Media Public Company Limited.

Since joining the IMG family in 2015, the organization and its global reach have grown significantly. Today, the MISS UNIVERSE pageant is broadcast in 165 countries and is the most watched women’s event in the world. The event is also one of the most tweeted events each year, and its social media channels have over 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 in growing and expanding the Miss Universe organization using the power of the Endeavor Network, drawing on the expertise of talent, digital, content, partnerships and licensing,” said Mark Shapiro, president of Endeavour. “We are also proud of the progress the organization has made in becoming a more inclusive and powerful platform where women can advance both their business goals and their cause-driven work.”

“We look forward to this next chapter in the Miss Universe story,” said MUO CEO Amy Emmerich. “In my short time with the organization, I have seen firsthand the passion of our employees, franchisees and partners, as well as our incredible community. Paula and I see a tremendous opportunity with JKN to create further growth for this organization on the world stage and women around the world.While we recently celebrated the organization’s 70+ year legacy, we are just getting started.

“We are extremely honored to acquire the Miss Universe organization and to work with its visionary leadership team,” said Anne Jakapong Jakrajutatip, CEO of JKN Global Group. “The organization’s global reach, relationships with global partners and brands, and wealth of content, licensing and merchandising opportunities make it a strong and strategic addition to our portfolio. We not only seek to continue its legacy of providing a platform for passionate people 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 in connection with the transaction. Latham & Watkins LLP acted as legal counsel 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 each year; and is a leading independent producer and distributor of sports and entertainment media. IMG also specializes in licensing, athletic 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 shaped by women and good for all. It’s a global community that helps women achieve their goals through experiences that build confidence and create opportunities for success. The MISS UNIVERSE® programs provide the 10,000 women who participate each year with an international platform to effect positive change through influential humanitarian and professional efforts. Delegates and incumbents 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 which are engaged in providing services and distributing copyrighted content which has received huge ratings on various TV channels and created phenomenal success by listing the company on the Thailand Stock Exchange as JKN. Our name stands for Jakapong Network, which is the name of our CEO and Managing Director Jakapong Jakrajutatip. JKN Global Group Public Company Limited also sells goods and products as well as commercial time through digital TV channel JKN18. Our goal is to become a great 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 historical facts should be considered forward-looking statements. These forward-looking statements are based on management’s current expectations, are not promises or guarantees, and involve known and unknown risks, uncertainties and other important factors that may cause actual results to differ materially from what which is expressed or implied by forward-looking statements, including, but not limited to, the factors discussed in Part I, Item 1A “Risk Factors” of Endeavor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as such factors may be updated from time to time in its other filings with the SEC, available on the SEC’s website at www.sec.gov and at Endeavor’s investor relations site at investor.endeavorco.com. Forward-looking statements speak only as of the date they are made and, except as required by applicable law, Endeavor undertakes no obligation to update or revise any forward-looking statements.

Website Disclosure
Investors and others should note that we announce important financial and operational information to our investors through press releases, SEC filings, and webcasts of public conference calls, as well as on our Investor Relations site. at investor.endeavorco.com. Endeavor may also use its website as a channel for the distribution of material information about the Company. Additionally, you can automatically receive email alerts and other information about Endeavor when you register your email address by visiting the “Investor Email Alerts” option under the Resources tab on investor .endeavorco.com.

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Cathy W. Howerton