A&E Television Networks & Network18 Group launch a joint venture
AETN-18 will launch HISTORY, BIO and other popular AETN channels in the Indian market. AETN is the fastest growing pay television company in the United States operating two of the top five Pay TV networks - HISTORYâ€ž¢ and A&Eâ€ž¢, and the number one women's network, Lifetime. In addition, HISTORYâ€ž¢ is the number one factual channel in the US since 2009.
The joint venture between Network18 Group (51%) and AETN (49%) will be based in Mumbai. This venture will be owned by AETN and "New TV18' eventually (the broadcasting business company post-recently announced restructuring). Timelines for the launch of various channels will be announced shortly and all new business operations are subject to regulatory approval. BMR Advisors acted as transaction advisors to Network18 Group.
"I am delighted about the launch of our new joint venture with Network18 in India," said Abbe Raven, President & CEO, AETN. "India presents us with strong growth opportunities for AETN's global portfolio strategy. We believe that in Network18, we've found the best partner for launching AETN's brands. We look forward to a long and successful partnership in this important market."
Raghav Bahl, Founder & Editor, Network18 said "We are excited to partner with AETN, one of the world's most innovative media organizations. AETN-18 will endeavor to mirror the success that channels like HISTORY have had in the US. I believe the time is right for India to have a vibrant and dynamic factual entertainment space, led by channels like HISTORY."
Headquartered in New York, AETN is a global media company whose brand portfolio includes A&E Network, HISTORY, Lifetime, BIO, Crime & Investigation Network, Military History, Lifetime Movie Network, History International, History en espanol and Lifetime Real Women. Outside the US, AETN's 44 channels and blocks reach over 250 million TV households in more than 150 countries. Internationally, AETN deploys its brands and content via channels, content sales, digital media distribution and home entertainment/electronic sell through.