By Cynthia Littleton Business Editor KC Global Media Entertainment has completed its acquisition of a group of Asian pay TV channels from Sony Pictures Entertainment.
The transaction, first unveiled in January, now includes another Sony TV brand, Japanese entertainment outlet GEM. KC Global Media is headed by Sony international TV alums Andy Kaplan and George Chien.
The two joined forces last year to acquire the assets that both previously ran during their long respective tenures with Sony.
The upheaval in the world since the agreement was inked in early January has only heightened Kaplan and Chien’s eagerness to officially take the reins of the group which encompasses the AXN, Animax and ONE brands in addition to GEM. “In the last
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