A+E networks buys NBCUniversal out of German joint venture | Major Businesses | Business | News | Rapid TV News
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Following what it calls a successful 12-year joint venture with NBCUniversal International (NBCUI), A+E Networks is to acquire full ownership of A+E Networks Germany.

New AE logoIn Germany, A+E Networks 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 with HISTORY and A&E currently reaching more than five and four million subscribers, respectively. The company added that the acquisition of full ownership in Germany reinforces its international strategy to take a greater ownership position in its ventures around the world. A+E Networks Germany joins wholly-owned and majority owned A+E Networks’ entities, including Southeast Asia, Italy, Japan, and most recently, Korea, which is set to launch this fall.

“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, announcing the deal. “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.”

NBCUI says that it will continue to provide key services to A+E Networks in German-speaking Europe, over the coming years.