AETN, Network 18 team for India channels
History Channel, Biography among new channels to launch
NEW DELHI -- A&E Television Networks and leading Indian broadcasting group Network18 announced a joint venture, AETN-18, which will launch popular AETN channels here including The History Channel and Biography.
The Mumbai-based JV is awaiting regulatory approval and the timelines for the channel launches will be announced shortly, according to a joint statement.
New York-based AETN's 44-channel portfolio also includes women's network Lifetime, Lifetime Movie Network, Crime & Investigation Network, and The Military Channel, claiming a reach of over 250 million TV households in over 150 countries. AETN is a joint venture of Disney-ABC Television Group, Hearst Corporation and NBC Universal.
Network18 is one of India's pioneering broadcasting conglomerates reaching 250 million Indian households with its bouquet of channels which include CNBC-TV18, CNN-IBN and outlets from its equal joint venture with Viacom such as Colors, MTV India, VH1 India, and Nickelodeon.
“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,” said AETN president and CEO Abbe Raven.
“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,” Network18 founder and editor Raghav Bahl added.
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