A+E Networks takes full control of AETN All Asia Networks
Five years after forming the Singapore-based joint venture with Astro Overseas, A+E Networks is to assume full ownership of AETN All Asia Networks, rapidtvnews.com reports.
The transaction with Astro, subject to various conditions and approvals, is set to close by early 2013 and is part of a move designed to allow A+E to expand its brand portfolio and grow distribution throughout the region.
AETN All Asia Networks operates and distributes HISTORY, HISTORY HD, Crime & Investigation Network, and BIO in Singapore, Malaysia, Brunei, Hong Kong, Taiwan, Cambodia, Indonesia, the Philippines, Macau, Papua New Guinea, Myanmar, Laos, Vietnam, Palau and Thailand. The group also manages the broadcast of HISTORY and HISTORY HD in Korea.
A+E is currently looking to expand its footprint and launch new brands in the region, and its portfolio of channel brands — including HISTORY, Crime & Investigation Network and BIO — will continue to have carriage in Malaysia and Brunei through agreements with Astro Malaysia.
In addition, A+E is set to establish a regional production partnership with the Internet giant designed to nurture the production activity across South East Asia.