Chellomedia, the international content division of Liberty Global, Inc., has acquired MGM Networks Inc.

Metro-Goldwyn-Mayer Studios Inc. (MGM) will retain its network businesses in the U.S., Canada, UK, Germany and its joint venture interests in Brazil and Australia.

The acquisition gives Chellomedia ownership of MGM Networks’ channels in Spain, Turkey, Israel, Benelux and Poland, India and Southeast Asia, along with the pan-EMEA channel and its associated feeds. Chellomedia has also acquired the remaining 50% of MGM Latin America and the balance of its JV in Central Europe.

Chellomedia will continue to operate the channels under the MGM brand. In addition, Chellomedia has entered into a long term programming licensing agreement with MGM to allow the channels to continue to be programmed from MGM’s programming library.

“Chellomedia has the scale to bring the MGM Networks business to a new level and we are excited to continue our relationship with this platinum standard partner,” said Roma Khanna, MGM’s President, Television Group and Digital. “MGM is not exiting the channel business completely. We are instead shifting our channel focus to the territories of the US, Canada, UK and Germany along with our joint venture territories of Brazil and Australia.”