(July 11, 2013, Singapore) – A+E Networks™ has concluded a transaction with Astro Overseas Limited (AOL) to assume full ownership of AETN All Asia Networks, the Singapore-based company formed as a joint venture in 2007. AETN All Asia Networks will be rebranded as A+E Networks Asia. The announcement was made by Nancy Dubuc, President & CEO, A+E Networks.
“The transition to full ownership of A+E Networks Asia is a first for our company and marks an important milestone,” said Dubuc. “A+E Networks is committed to continued international expansion for our brands and business, and we are bullish on the growth opportunities not just in Asia, but Europe and the Americas as well.”
The announcement comes on the heels of the June 14th launch of Lifetime and H2 in the region. A+E Networks Asia also operates HISTORY®, Crime & Investigation Network® and bio.®
A+E Networks Asia’s portfolio of channel brands will continue to have carriage in Malaysia and Brunei through agreements with Astro Malaysia, an affiliate of AOL.
A+E Networks Asia’s management team reports to Alan Hodges, Managing Director, Asia-Pacific for A+E Networks.
A+E Networks Asia operates and distributes its portfolio in Singapore, Malaysia, Brunei, Hong Kong, Taiwan, Cambodia, Indonesia, the Philippines, Macau, Papua New Guinea, Myanmar, Laos, Vietnam, Palau and Thailand. It also manages the broadcast of HISTORY® HD in Korea.
About A+E Networks™
A+E Networks is an award-winning, global media content company offering consumers a diverse communications environment ranging from television networks to websites, to home videos/DVDs to gaming and educational software. A+E Networks is comprised of the following networks and divisions: A&E®, Lifetime®, HISTORY®, LMN™ (formerly Lifetime Movie Network®), bio.®, H2™, HISTORY en Español™, Crime & Investigation Network®, Military HISTORY®, LRW™ (formerly Lifetime Real Women®), A&E IndieFilms®, A+E Networks International™, A+E Networks Digital™ and A+E Networks Consumer Products™. A+E Networks’ channels and branded programming reach more than 300 million households in over 150 countries. A+E Networks is a joint venture of Disney-ABC Television Group and Hearst Corporation.
About ASTRO Overseas Limited
ASTRO Overseas Limited holds investments, through its affiliates and subsidiaries, in a portfolio of companies involved in pay TV, radio, content aggregation, creation and distribution, digital and multimedia services, in India, China, Australia and Middle East. Through Celestial Pictures Ltd, AOL owns and distributes the Shaw Library, the world’s largest Chinese library.
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