New York, U.S./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 launch of Lifetime and H2 in the region on June 14, 2013. 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.