A+E Networks has taken full control over AETN All Asia Networks, the joint venture it set up with Astro Overseas Limited (AOL) in 2007.
A+E Networks took over AOL’s stake in the business and said it would now rebrand it as A+E Networks Asia.
“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.
“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 news comes after A+E Networks launched its Lifetime and H2 channels in the region. A+E Networks Asia also operates the channels History, Crime & Investigation Network and Bio.
A+E Networks Asia’s portfolio of channel brands will continue to be carried in Malaysia and Brunei through agreements with Astro Malaysia, an affiliate of AOL, said A+E Networks.
A+E Networks Asia operates and distributes its channels 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.