CJ E&M, CJ O Shopping Merge to Form CJ ENM

The merging of CJ E&M and CJ Group’s home shopping and e-commerce subsidiary CJ O Shopping will see the combined entity renamed CJ ENM as of July 1.

The new name is the abbreviation of “entertainment” and “merchandising,” meant to reflect the expansion of CJ’s business into the global content and commerce industry. “Combining CJ O Shopping’s ten million customers and CJ E&M’s 50 million viewers, the merger will take shopping and entertainment experience to the next level,” said CJ O Shopping CEO Heo Min-heoi.

CJ E&M CEO Kim Sung-soo added that “the new company expects 2018 revenue of $6 billion and 75 percent growth to $10 billion by 2021 to become world-leading content and commerce company.”