AP News

AMC closes $1B deal for most of Chellomedia

NEW YORK (AP) — AMC completed its $1 billion acquisition of nearly all of Chellomedia, Liberty Global's international division.

The TV channels to be acquired are distributed to more than 390 million households in 138 countries and span a variety of genres, including movie and entertainment networks, which will help AMC distribute its original programming globally.

AMC Networks Inc., based in New York, owns networks such as AMC, WE, IFC and the Sundance channel. Its popular original shows include "The Walking Dead" and "Mad Men."

The acquisition includes Chello Multicanal, Chello Central Europe, Chello Zone, Chello Latin America and Chello DMC, as well as stakes in several joint ventures. Those include ventures involving CBS International, A+E Networks and Zon Optimus.

The international TV and Internet provider will keep its Dutch premium channel business.

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