CJ ENM HK Companions With Taiwan’s Far EasTone & TVBS On $30M Fund

Korea’s CJ ENM Hong Kong is partnering with Taiwanese telco Far EasTone Telecom, broadcaster TVBS and Taiwan Inventive Content material Company (TAICCA) to launch a $30M (NTD960M) fund to put money into Mandarin-language content material.

The brand new five-year Taiwan-Korea ‘Take pleasure in Leisure Fund’ will put money into IP alternate and Mandarin-language content material manufacturing and funding, supporting any codecs that showcase native Taiwanese and Korean narratives; in addition to expertise improvement and distribution of completed contents regionally and internationally. 

The fund’s launch ceremony happened at this time at Taiwan Inventive Content material Fest (TCCF), attended by Taiwan’s Minister of Tradition Li Yuan; together with Sean Cho, Government Vice President, Head of World Enterprise Division CJ ENM; Sheena Liu, President of TVBS; and Chee Ching, President of Far EasTone Telecom. 

“This fund embodies our perception that cross-border collaboration is the important thing to creating Asian content material world,” stated Cho in his opening deal with. 

“Within the long-term, our imaginative and prescient is to empower Taiwanese IP to journey past borders, fostering new company productions, diversifications and remakes that permit Taiwan’s distinctive tales to resonate worldwide. What makes this fund much more significant is its mission to revitalize Taiwan’s inventive ecosystem, not simply by way of manufacturing help, however by nurturing expertise, fostering co-productions, and constructing sustainable inventive partnerships rooted in Taiwan’s deeply resonated IPs and wealthy cultural heritage.” 

CJ ENM is already forming a world footprint by way of distribution of its Korean content material internationally, by way of its funding in Fifth Season in North America and by way of partnerships with main gamers in Japan. CJ ENM Hong Kong, which has workplaces in Hong Kong and Singapore, is already concerned in producing content material in varied languages throughout Southeast Asia. 

The alliance with Taiwanese companions goals to mix the core strengths of every companion past financial contributions: CJ ENM HK’s worldwide manufacturing and distribution community, TAICCA’s native IP and trade information, FET’s digital innovation and know-how capabilities, and TVBS’s broad media attain and manufacturing experience.

The institution of the fund follows the memorandum of understanding (MoU) signed at TCCF in 2023 between TAICCA, CJ ENM HK, Far EasTone Telecommunications and TVBS Media.