<p>Based in Mumbai, the JV firm 'AETN-18 India' will launch History, Bio and other AETN channels in the Indian market, Network18 said in a statement. The Network18 Group will hold 51 per cent stake in the JV firm, while the rest will be held by AETN, it added.<br /><br />The venture will eventually be owned by AETN and 'New TV18' (the broadcasting business company formed after the recent restructuring in the TV18 Group), it said. AETN is a joint venture between Disney-ABC Television Group, Hearst Corp and NBC Universal.<br /><br />Headquartered in New York, AETN's portfolio includes brands like A&E Network, History, Lifetime, Bio, Crime & Investigation Network, Lifetime Movie Network and Lifetime Real Women.<br /><br />"India presents strong growth business opportunities for AETN's global portfolio strategy. We look forward to a long and successful partnership in this important market," AETN President and CEO Abbe Raven said.<br /><br />Outside the US, AETN claims to have a viewership of 250 million TV households in more than 150 countries through 44 channels. "AETN-18 will endeavour 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 Editor Raghav Bhal said.<br /><br />Network18 has similar partnerships with Viacom (Viacom18 is a 50:50 JV with channels like Nick, MTV, Vh1 and Colors) and newspaper Lokmat (for IBN-Lokmat).</p>
<p>Based in Mumbai, the JV firm 'AETN-18 India' will launch History, Bio and other AETN channels in the Indian market, Network18 said in a statement. The Network18 Group will hold 51 per cent stake in the JV firm, while the rest will be held by AETN, it added.<br /><br />The venture will eventually be owned by AETN and 'New TV18' (the broadcasting business company formed after the recent restructuring in the TV18 Group), it said. AETN is a joint venture between Disney-ABC Television Group, Hearst Corp and NBC Universal.<br /><br />Headquartered in New York, AETN's portfolio includes brands like A&E Network, History, Lifetime, Bio, Crime & Investigation Network, Lifetime Movie Network and Lifetime Real Women.<br /><br />"India presents strong growth business opportunities for AETN's global portfolio strategy. We look forward to a long and successful partnership in this important market," AETN President and CEO Abbe Raven said.<br /><br />Outside the US, AETN claims to have a viewership of 250 million TV households in more than 150 countries through 44 channels. "AETN-18 will endeavour 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 Editor Raghav Bhal said.<br /><br />Network18 has similar partnerships with Viacom (Viacom18 is a 50:50 JV with channels like Nick, MTV, Vh1 and Colors) and newspaper Lokmat (for IBN-Lokmat).</p>