A+E Networks buys out NBC Universal in joint German venture1 June 2017
A+E Networks has announced it has acquired full ownership of A+E Networks Germany following a 12-year partnership with NBC Universal.
A+E Networks Germany operates HISTORY and A&E in Germany, Switzerland, Austria, Luxembourg, Alto Adige and Liechtenstein. Both channels have full distribution on cable and satellite platforms in the markets and reach more than five and four million subscribers, respectively.
Transaction details have not been revealed; the deal is subject to regulatory approval.
“We are incredibly proud of the success we have achieved with our partner NBCUniversal International since 2005,” said Sean Cohan, president, international and digital, A+E Networks.
“With powerful brands, HISTORY and A&E, and a talented local team, we look forward to building on that success with strategic investment in local programming and new linear and digital services to grow our audiences in one of the world’s largest media markets.”