- Transaction will broaden JKN Global Group’s (“JKN”) portfolio of broadcast and leisure properties to develop into a world-leading omnichannel powerhouse.
- The acquisition will search to construct on The Miss Universe Organization’s greater than 70-year legacy, together with expanded funding in licensing and merchandising alternatives.
- With right this moment’s announcement, JKN Chief Executive Officer Anne Jakapong Jakrajutatip turns into the primary girl proprietor in The Miss Universe Organization’s historical past.
BANGKOK, Oct. 26, 2022 /PRNewswire/ — JKN, a Thai-owned media and content material conglomerate, right this moment introduced the acquisition of The Miss Universe Organization from IMG.
The Miss Universe Organization is a global, inclusive group that celebrates ladies of all backgrounds, cultures, and traditions, and exists to advocate for a future solid by ladies and good for all. At 71 years, MISS UNIVERSE® is among the longest-running and most-watched competitions on the earth, broadcast in 165 international locations worldwide and seen by greater than half a billion individuals yearly.
Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization supplies a worldwide platform for greater than 10,000 ladies yearly to have an effect on optimistic change by means of devoted private, skilled, and philanthropic actions all over the world. Today’s announcement along with current rule modifications to create larger competitor eligibility additional propels the Organization’s dedication to inclusivity, with JKN Global Group’s Chief Executive Officer Anne Jakapong Jakrajutatip turning into the primary girl proprietor of The Miss Universe Organization. The transition expands JKN’s portfolio of world broadcast and media properties throughout leisure and shopper merchandise. JKN’s acquisition will construct on The Miss Universe Organization’s sturdy model and imaginative and prescient, creating an built-in and compelling proposition with new alternatives to develop the business in key and untapped markets, together with Asia.
During the announcement, JKN shared its plans for producing extra worth based mostly on the pure energy of the Miss Universe model, together with the upcoming debut of MU Lifestyle: a brand new licensing and merchandising arm of The Miss Universe Organization that can leverage the energy of the Miss Universe model and JKN’s way of life portfolio to create a brand new vary of merchandise, in addition to leisure and varied business alternatives that mirror the energy of the model.
Anne Jakapong Jakrajutatip, Chief Executive Officer of JKN Global Group, stated: “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, licensing, and merchandising opportunities make this a strong, strategic addition to our portfolio. We seek not only to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions, but also 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 continues to position us at the forefront of our industry. We would like to thank IMG for providing us a foundation to realize our aspirations for the brand.”
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