A+E Networks is embarking on a deal to take complete control of AETN All Asia Networks from Astro Overseas, as part of its plans to expand its global reach.
The deal, which is expected to close by early 2013, will see A+E Networks’ channels, including History, Crime & Investigation Network and BIO, continue to be carried in Malaysia and Brunei through agreements with Astro Malaysia, an affiliate of Astro Overseas Limited (AOL).
AETN All Asia Networks was formed as a joint venture in 2007 between A+E Networks and AOL, and operates and distributes History, History HD, Crime & Investigation Network and BIO in Singapore, Malaysia, Brunei, Hong Kong, Taiwan, Thailand and the Philippines, among other territories. The group also manages the broadcast of History and its HD channel in Korea.
AETN All Asia Networks’ management team will report to Alan Hodges, managing director, Asia-Pacific for A+E Networks.
The two companies will continue to work together by establishing a regional production partnership aiming to encourage South East Asian production. The partnership will help to develop the local talent pool and create original content for regional and international audiences.
“We view Asia as critically important for our international growth, and assuming full ownership of AETN All Asia Networks is a big step,” said Sean Cohan, EVP, international for A+E Networks. “This new structure will allow us to expand our brand portfolio and grow distribution throughout the region.”