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A&E Television Networks & Network18 enter into JV

A&E Television Networks, LLC (AETN) and Network18 Group have reached an agreement to form a joint venture, AETN-18 India. The joint venture (Network18 Group (51%) and AETN (49%)) will be based in Mumbai. This venture will be owned by AETN and ‘New TV18’ eventually (the broadcasting business company post recently announced restructuring).  Timelines for the launch of various channels will be announced shortly and all new business operations are subject to regulatory approval. BMR Advisors acted as transaction advisors to Network18 Group.