Thailand Project Runway Host & CEO of Media Group JKN Global Anne Jakkaphong Acquires Miss Universe Pageant for $20 Million, Formerly Owned by Former United States President Donald Trump
30th October 2022 | Hong Kong
Thailand project runway host & CEO of media group JKN Global Group Anne Jakkaphong has acquired the company with rights to Miss Universe Pageant, Miss USA & Miss Teen for $20 million. The Miss Universe Organization (MUO) was formerly owned by former United States President Donald Trump. MUO or Miss Universe Organization is a global organization with more than 71 years of history, known to consumers around the world who monitor more than 500 million Miss Universe pageants around the world. JKN Global Group has purchased the rights to manage the Miss Universe pageant in each country to send beauty pageants to more than 94 countries.
“ Thailand Project Runway Host & CEO of Media Group JKN Global Anne Jakkaphong Acquires Miss Universe Pageant for $20 Million, Formerly Owned by Former United States Former Donald Trump “
Thailand Project Runway Host & CEO of Media Group JKN Global Anne Jakkaphong Acquires Miss Universe Pageant for $20 Million
Google Translation (Thai to English)
Official Press Release – JKN announced the acquisition of IMG Worldwide, LLC, grabbing the business of Miss Universe Organization or MUO, becoming a Global Content Commerce Company.
‘JKN Global Group Public Company Limited’ or JKN’ has acquired the Miss Universe Organization (MUO) business after reaching an agreement with IMG Worldwide, LLC, a subsidiary of Endeavor Group Holdings, Inc., totaling not more than $14 million. Not more than 550 million baht) and a license contract for another 6 million USD (not more than 250 million baht), total investment value not more than 20 million USD or about 800 million baht, ready to extend the copyright of the Miss Universe brand to drive growth for the Commerce business group. and pushing JKN to become a Global Content Commerce Company
Mr. Chakrabongse Chakrajutathib Chief Executive Officer and Managing Director of JKN Global Group Public Company Limited or JKN revealed that the company has reached an agreement to acquire the Miss Universe Organization (MUO) business from Endeavor Group Holdings, Inc. 100% shareholder of IMG Worldwide,LLC that is the copyright holder of Miss Universe. The transaction will cost approximately not more than 14 million USD or approximately 550 million baht and a license purchase agreement for another 6 million USD or approximately 250 million baht. Total investment will be used once. This is not more than 20 million US dollars or not more than 800 million baht which comes from the use of working capital in the business.
JKN Metaverse, Inc. was established in the United States. which is a subsidiary of JKN, holding 100% of shares, supports the transaction in accepting the transfer of all business shares of MUO consisting of 5 companies, namely (1.) IMG Universe, LLC. (2.) IMG Universe FranchCo, LLC. (3.) Miss USA BR Production LLC. (4.) MUO Productions, LLC. and (5.) Miss USA Productions OH, LLC. will proceed to change the name of IMG Universe, LLC. to JKN Universe, LLC. and IMG Universe FranchCo, LLC. to JKN Universe FranchCo, LLC.
MUO or Miss Universe Organization It is a global organization with more than 71 years of history, known to consumers around the world who monitor more than 500 million Miss Universe pageants around the world. and have different countries has purchased the rights to manage the Miss Universe pageant in each country to send beauty pageants to more than 94 countries.
Chief Executive Officer and Managing Director of JKN said that the acquisition of MUO of the company is to transform the business to support the use of copyright and copyright management Miss Universe in the Miss Universe pageant for each country. Since the licensing of the Miss Universe brand to organize the contest and disseminate the Miss Universe contest signal in each country, including the company plans to bring the Miss Universe brand to help further strengthen the Commerce business in various product groups. both dietary supplements beverage products Personal products such as skin care products cosmetics and lifestyle products To create growth for the said business group in the future as well.
‘The acquisition of MUO, including the copyright of Miss Universe, which is JKN’s long-standing brand known to the world, is one of JKN’s business growth strategies. That is not only the management of the contest and the rights to broadcast the Miss Universe pageant only. But we will bring the Miss Universe brand to expand the production and marketing of products in the consumer goods group in every country in order to grow JKN and raise the corporate image to become a Global Content Commerce Company. Chakrabongse said.
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