Warner Bros. Discovery and CJ ENM Ink Strategic Partnership

Korean co-production partnership to create a K-drama pipeline for HBO Max

HBO Max to be the streaming home of TVING in key regions across Asia Pacific, with exclusive branded TVING hub featuring premieres of new original K-dramas and the best of CJ ENM and TVING's scripted and unscripted entertainment

SEOUL - OCT 16, 2025 - Leading entertainment companies Warner Bros. Discovery (WBD) and CJ ENM today announced a significant content production and distribution partnership, underpinned by a mutual commitment to bringing global audiences more premium K-entertainment.

The new multi-year partnership includes exclusive premieres of original K-drama, hundreds of hours of the best of CJ ENM's and TVING's series, and a branded TVING hub on HBO Max in 17 markets across Asia Pacific - including Southeast Asia, Taiwan, and Hong Kong. Launching in early 2026, HBO Max subscribers will have access to exclusive premieres of TVING's new K-drama titles, alongside existing scripted and unscripted entertainment from CJ ENM and TVING's popular library. Ahead of the launch, fans can enjoy several K-content titles starting in November, including the premiere of the highly anticipated drama, Dear X (November 6).

The partnership also announced that the two companies will co-invest and co-produce original Korean drama for global distribution on HBO Max.

"We are honored to partner with CJ ENM, a true leader in creating universally popular stories that resonate worldwide," said David Zaslav, President and CEO, Warner Bros. Discovery. "This collaboration marks a cornerstone of our commitment to great locally relevant stories in key markets around the world."

"We are proud to partner with Warner Bros. Discovery, a global powerhouse whose stories have inspired audiences for generations worldwide," said Miky Lee, Vice Chairwoman of CJ Group. "K-content captivates audiences everywhere with its creativity and originality. At CJ ENM, our mission has always been to connect people through the power of storytelling. This partnership with Warner Bros. Discovery takes that mission to a new level, combining Warner Bros. Discovery's storytelling legacy with CJ's unique voice. Together, we will deliver authentic narratives that transcend borders on a platform where fans can discover new favorites, revisit timeless classics, and experience the best in global content."

"As a long-established global leader in entertainment, we have always recognized that success requires a combination of the best of global and the best of local storytelling," said JB Perrette, CEO and President, Global Streaming and Games. "HBO Max is the streaming destination for unique, premium storytelling so this partnership with CJ ENM, a leader in the enormously popular K-content genre, aligns perfectly with our strategy and brand."

"CJ ENM has spearheaded the industrialization and global expansion of K-content over the past 30 years, positioning itself as a global IP powerhouse," said Pious Jung, CEO of CJ America and President of Content, Global Business for CJ ENM. "Through our extensive partnership with Warner Bros. Discovery, we will strive for the sustainable growth of K-culture, which has now become a lifestyle for many across the globe."

Further details on the TVING branded hub and content line-up will be shared in the coming months.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a leading global media and entertainment company that creates and distributes the world's most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and 1 entertains audiences worldwide through its iconic brands and products including Discovery Channel, HBO Max, discovery+, CNN, DC, Warner Bros. Film Group, Warner Bros. Television Group, HBO, TNT, TBS, truTV, Magnolia Network, Animal Planet, Food Network, HGTV, TLC, ID and more.

About CJ ENM

CJ ENM is a leading entertainment company founded in Korea in 1995. Celebrating its 30th anniversary in 2025, CJ ENM's entertainment division has been continuously shaping the next chapter of K-culture within the global entertainment industry, spanning media content, music, film, and performing arts. CJ ENM has created, produced and distributed globally-acclaimed content, including Oscar-winning film Parasite, Tony Award-winning musicals such as Kinky Boots, hit TV series such as Queen of Tears, globally successful music competition show I Can See Your Voice and more. CJ ENM is further pursuing opportunities to develop talent such as leading K-pop 5th generation boygroup ZEROBASEONE. United under the slogan We live to discover Untold Originals, CJ ENM has three major production and distribution studios: a drama production powerhouse Studio Dragon, U.S.-based studio Fifth Season, and K-OTT content production studio CJ ENM STUDIOS. It also operates Korea's leading online streaming platform, TVING. CJ ENM also presents KCON, world's largest K-pop Fan & Artist Festival, and MAMA AWARDS, world's No.1 K-POP awards, in order to bring K-culture experiences to people all over the world. To learn more about CJ ENM, please visit: http://www.cjenm.com.

ABOUT TVING

TVING is one of Korea's leading online streaming platforms. Originally founded by leading entertainment company CJ ENM, TVING launched as an independent corporation in October 2020. Since then, TVING has been increasing its business value by collaborating with leading companies across the globe. Under its slogan "All Things for Every Fandom", the streaming service features an expansive library of TVING originals, K-dramas, entertainment shows, international hit series, popular movies, animation across a wide array of genres in addition to live sports. From the widely acclaimed K-dramas "Study Group," "LTNS," "Pyramid Game," "Death's Game," "Yumi's Cells" to entertainment shows "EXchange," "High School Mystery Club," "Rap: Public," TVING has already established a rich portfolio of original series that have been greatly received by global audiences. TVING plans to expand its global footprint and with a mission to introduce more K-content to the world. For more information, please visit http://www.tving.com.