Transgender Thai media mogul buys Miss Universe pageant / Photo: Menahem KAHANA - AFP
-
French businessman takes over 2030 Winter Olympics amid leadership turmoil
-
VW says 'no time to lose' to slash costs after 5.8 billion euro loss
-
Stock markets diverge on corporate earnings, tech jitters
-
Oil majors reap bumper profits as Mideast war drives prices
-
TotalEnergies profit hits record on high oil prices
-
Taiwan says Pakistan briefly closed airspace to Taiwanese flights
-
Afghanistan opium poppy cultivation surges despite Taliban govt ban: UN
-
Samsung logs record quarterly profits despite investor AI jitters
-
Microsoft beats expectations fueled by Azure cloud business
-
Shares in Google owner Alphabet plummet on profit miss, ad slowdown
-
Shares in Google owner Alphabet sink on profit miss, ad slowdown
-
US Fed holds interest rates steady despite 'too high' inflation
-
Pioneering US labor leader Dolores Huerta dies at 96
-
Airbus aims for record deliveries despite disappointing quarter
-
US Fed holds interest rates steady despite surging inflation
-
Real Madrid, La Liga apology over Mbappe shows power of Chinese market
-
US labor leader Dolores Huerta dead: family
-
'Cruise for life' strands passengers in Cambodia as operator goes bust
-
French firm Safran helps build aircraft wings of the future in UK factory
-
Canada hikes rates to contain oil price surge caused by Iran war
-
World Bank warns of worsening food insecurity as commodity prices soar
-
Nintendo producer 'all nervous' as Zelda classic remake hits shelves
Transgender Thai media mogul buys Miss Universe pageant
A Thai media mogul and transgender rights campaigner has bought the firm that runs Miss Universe pageants for $20 million, according to a company announcement.
Anne Jakapong Jakrajutatip, who also hosts the local edition of "Project Runway", becomes the first woman to own the beauty pageant organisation outright, according to an announcement Wednesday by the JKN Global Group, of which she is chief executive.
For much of its 70-year history, the pageant -- previously owned by former US president Donald Trump -- has been criticised as buttressing outmoded ideas of femininity.
Jakapong said in a statement that the acquisition was an opportunity to "evolve the brand", while telling reporters she hoped it would boost Thailand's image abroad.
"I hope that this will serve as soft power for Thailand, and bring more tourists to our country," she said in Bangkok.
She characterised the purchase from Endeavor's IMG as a "strong, strategic addition" to her company's portfolio.
In a Facebook post, Jakapong thanked fans of the pageant for their love and support.
"We seek not only to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions, but also to evolve the brand for the next generation," she said in a statement.
Miss Universe Organisation chief executive Amy Emmerich and president Paula Shugart will stay on in their roles.
The next Miss Universe pageant is scheduled for the US city of New Orleans next January.
The contest is broadcast in 165 countries.
JKN Global Group has distribution rights for foreign documentaries, TV dramas and reality television shows in Thailand.
Shares in JKN Global Group bounced almost 15 per cent following the announcement.
A.Agostinelli--CPN
