A Thai celebrity media mogul and transgender rights advocate has bought the Miss Universe Organization from IMG for $20 million.
This marks the first time the beauty pageant organizer will be owned by a woman.
JKN Global group, led by their Chief Executive Officer, Anne Jakapon Jakrajutatip, has been named as the new owner of the 71-year-old pageant.
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| PHOTO BY: Anne Jakapon Jakrajutatip/Instagram story |
Anne has been outspoken about her experience as a transgender woman. She set up the Life Inspired for Thailand Foundation to support for the rights to dignity and opportunities for transgender people.
In a statement released on Wednesday, Anne said, "We are incredibly honored to be acquiring the Miss Universe Organization and working with its visionary leadership team. The global reach of the organization, its relationships with global partners and brands, and its wealth of content, licensing, and merchandising opportunities make this a strong strategic addition to our portfolio."
To develop the Miss Universe brand, JKN is set to launch MU Lifestyle which offers a new range of merchandise.
Miss Universe Organization CEO Amy Emmerich and president Paula Shugart said they were excited to continue the evolution of the JKN brand.
The next Miss Universe pageant is set to be held on January 14, 2023, in New Orleans, Louisiana.
Over 85 delegates from different countries will be expected to join the pageant.
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