THAI BUSINESS MOGUL BUYS MISS UNIVERSE ORGANIZATION FOR $20M
Thai-owned media and content conglomerate, JKN Global Group Pcl, announced the acquisition of the Miss Universe Organization from IMG early this morning. Anne Jakrajutatip, CEO and biggest shareholder of JKN, acquired the Miss Universe Organization for $20 million, marking the first time the Miss Universe Organization will be owned by a woman.
|Photo: Anne JKN (www.nationthailand.com)|
During the announcement, JKN shared its plans for generating additional value based on the natural strength of the Miss Universe brand, including the upcoming debut of MU Lifestyle: a new licensing and merchandising arm of The Miss Universe Organization that will leverage the strength of the Miss Universe brand and JKN's lifestyle portfolio to create a new range of merchandise, as well as entertainment and various business opportunities that reflect the strength of the brand.
"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.", said Anne Jakapong Jakrajutatip, Chief Executive Officer of JKN Global Group.
|Photo: Paula Shugart and Amy Emmerich (Facebook/Miss Universe Vietnam)|
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."
ABOUT ANNE JKN
Jakapong "Anne" Jakrajutatip, also known as Anne JKN, is the third richest transgender person in the world with an estimated worth of 6.37 billion baht, according to Forbes magazine. She is a graduate of Australia’s Bond University in International Relations. She earned a certificate in Real Estate Development from Chulalongkorn University and has completed the Thai Institute of Directors Association’s Director Accreditation Program (DAP). In 2019, Anne was presented with the Asia Media Woman of the Year award at the Content Asia Summit in Singapore. Even with all these accomplishments, Anne said that her greatest dream fulfilled was to become the mother of a son and daughter, Andrew and Angelica. Today, she has over 12 million followers on social media and owns the digital TV station JKN 18. As the CEO of JKN Global Media PCL, her empire and influence has been built through vision and hard work.
ABOUT MISS UNIVERSE ORGANIZATION
The Miss Universe Organization is an international, inclusive organization that celebrates women of all backgrounds, cultures, and traditions, and exists to advocate for a future forged by women and good for all. At 71 years, MISS UNIVERSE® is one of the longest-running and most-watched competitions in the world, broadcast in 165 countries worldwide and seen by more than half a billion people annually. Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization provides a global platform for more than 10,000 women annually to affect positive change through dedicated personal, professional, and philanthropic activities around the world.