BANGKOK, Oct. 26, 2022/PRNewswire/ -- JKN, a Thai-owned media and content conglomerate, today announced the acquisition of the Miss Universe Organization from IMG.

The Miss Universe Organization is an international and 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 old, MISS UNIVERSE® is one of the oldest and most watched pageants in the world, broadcast in 165 countries and viewed by more than 500 million people a year.

Led by CEO Amy Emmerich and President Paula Shugart, the Miss Universe Organization provides a global platform for more than 10,000 women a year to affect positive change through personal, professional and philanthropic activities around the world. Today's announcement, coupled with recent rule changes to create greater eligibility for female competitors, further advances the Organization's commitment to inclusivity, with JKN Global Group CEO Anne Jakapong Jakrajutatip becoming the first female owner of the Miss Universe Organization. The transition expands JKN's portfolio of global broadcast and media properties across entertainment and consumer products. The JKN acquisition will build on the strong brand and vision of the Miss Universe Organization, developing an integrated and compelling proposition with new opportunities to grow the business in key and untapped markets, including Asia.

During the announcement, JKN shared its plans to build 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 harness the strength of the brand. Miss Universe 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.

Anne Jakapong Jakrajutatip, CEO of JKN Global Group, said, "We are incredibly honored to acquire the Miss Universe Organization and to work with its visionary management team. The Organization's global reach, its relationships with global partners and brands, and its wealth of content, licensing and merchandising opportunities make this a strong and strategic addition to our portfolio.We look forward to not only continuing its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures and traditions, but also to evolve the brand to the next generation."

Amy Emmerich, CEO, and Paula Shugart, President of the Miss Universe Organization, commented, "We are thrilled to continue the evolution of the Miss Universe Organization with JKN. Our relationships with global partners and brands have never been stronger, and our focus Progressive continues to position us at the forefront of our industry. We would like to thank IMG for providing us with a foundation to realize our aspirations for the brand."

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