A+E Networks Takes Full Control of AETN All Asia Networks

SINGAPORE: A+E Networks has closed its agreement with Astro Overseas Limited (AOL) to assume full ownership of the joint venture AETN All Asia Networks.

The Singapore-based company, which was formed as a JV in 2007, will be rebranded as A+E Networks Asia. The group’s portfolio of channels will continue to have carriage in Malaysia and Brunei through agreements with AOL affiliate Astro Malaysia. Its management team reports to Alan Hodges, the managing director for the Asia Pacific at 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 Nancy Dubuc, the president and CEO of A+E Networks. “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.”