A+E Networks has completed its takeover of AETN All Asia Networks, its joint venture with Malaysia-based Astro Overseas Limited.
Formed in 2007 and headquartered in Singapore, the company will be rebranded as A+E Networks Asia. The move follows the recent launching of A+E brands Lifetime and H2 in the region, which joined other A+E nets such as History, Crime & Investigation and Bio in June.
“The transition to full ownership of A+E Networks Asia is a first for our company and marks an important milestone,” said A+E Networks president and CEO, Nancy Dubuc, in a statement. “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.”
A+E Networks Asia will continue to have carriage in Malaysia and Brunei through agreements struck with Astro Malaysia. The channel group operates in these territories as well as Singapore, Hong Kong, Taiwan, Cambodia, Indonesia, the Philippines, Macau, Papua New Guinea, Myanmar, Laos, Vietnam, Palau and Thailand. In addition, it manages the broadcast of History HD in Korea.