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A+E Networks is increasing its stake in its existing Japanese joint-venture with Super Network/Tohokushisha (TFC) and restructuring the ownership of its joint venture with Super Network and The History Channel Japan (THCJ).
A+E is to increase its stake in the j-v from 50 per cent to 80 per cent. “The new investment marks a significant expansion of the partnership that includes injecting a suite of new digital rights along with a commitment to fully support TFC’s OTT initiatives in Japan. In addition, A+E will add to THJC’s brand offerings for Japanese consumers and partner on future productions,” says a statement.
“A+E Networks is enormously proud of our 15-year partnership with TFC in Japan and this transaction aligns our interests for the next phase of growth together,” said Sean Cohan, President/International & DIGITAL Media, A+E Networks. “The addition of digital rights significantly enhances the partnership to better serve our distribution and ad sales partners in Japan.”
The A+E and Super Network have been in partnership since 2000.