Korea’s CJ ENM Pumps $82 Million Into Alliance With KT’s Studio Genie
South Korean leisure conglomerate CJ ENM has struck a deal to put money into KT (previously Korea Telecom). Step one within the new association sees CJ make investments KRW100 billion ($82 million) in shopping for a stake in KT’s Studio Genie. “Studio Genie funding is aimed toward growing the competitiveness of CJ ENM channels akin to tvN…