ViacomCBS, CJ ENM Partner on Content Production, Streaming

ViacomCBS and South Korea's CJ ENM agreed to co-produce original series and films plus license and distribute content across their streaming services. They said Tuesday that ViacomCBS' Paramount+ will enter the Asian market next year by debuting in South Korea in a bundle with TVING, CJ ENM's streaming service. Paramount and CJ ENM/Studio Dragon will co-develop and co-produce English-language scripted series based on CJ ENM/Studio Dragon's titles for exhibition on Paramount+ and co-finance new Korean series for Paramount+ global distribution. Paramount+ will license Korean-language series from CJ EMN's library, they said, and Pluto TV will launch a CJ ENM-branded channel on Dec. 14 of Korean content for U.S. audiences.