Fifth Season Secures Investment From Japan’s Toho
Fifth Season, the production and distribution company previously known as Endeavor Content, has secured a $225 million strategic investment from Toho International, the Japanese film and TV studio behind current box office hit “Godzilla Minus One.”
The investment gives Toho a 25% equity stake in the company and leaves Korean entertainment conglomerate CJ ENM as Fifth Season’s majority owner. Former parent company, Endeavor Group Holdings continues as a strategic shareholder.
CJ ENM and Fifth Season will work with Toho to both produce global content and participate in content produced in Japan. Toho’s development and production executives will also team with Fifth Season. Production and creative efforts that result from these collaborations will access Fifth Season’s global distribution network.
The announcement was made by Fifth Season’s co-CEOs Graham Taylor and Chris Rice and Toho president Matsuoka Hiro, following a deal in which Fifth Season was advised by The Raine Group and O’Melveny as its legal advisor.
More to follow.