The owner of the Miss Universe pageant from Thailand goes bankrupt

As previously reported, JKN Global Group, a media and content conglomerate from Thailand, announced the acquisition of the Miss Universe Organization on Wednesday (October 26), according to Business Channel. This media conglomerate cannot be separated from Jakapong “Anne” Jakrajutatip, who is the company’s CEO and largest shareholder.

According to a report by US News on Wednesday (10/26/2022), JKN bought the Miss Universe Organization for $20 million or around Rp 311.2 billion. The purchase marks the first time the beauty pageant organizer has been owned by a female executive, according to JKN’s statement.

The acquisition is “a strong and strategic addition to our portfolio,” Anne said, adding that Miss Universe is planning to expand in Asia with its content, licensing and merchandising opportunities.

In Thailand, Anne is a well-known celebrity who stars in the local versions of the reality shows Project Runway and Shark Tank.

JKN produces its own shows and distributes overseas content in Thailand, including documentaries and Bollywood dramas. Its shares rose nearly 10 percent in early trading on Wednesday.

As is known, the Miss Universe Organization holds the annual Miss Universe beauty pageant every year.

The organization was co-owned by NBC Universal and former US President Donald Trump between 1996 and 2002, broadcast in 165 countries and has existed for 71 years.

It is said that the Miss Universe Organization (MUO) is a global and inclusive organization that welcomes all cultures, backgrounds and religions. “We create and provide a safe space for women to share their stories and make a difference. The Miss Universe Organization supports women participating in this international platform with the tools to influence positive change personally, professionally and philanthropically, and to serve as inspiring leaders and role models for the community and their fans around the world,” the Miss Universe Organization said on its official website.

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