Anthem Sports & Entertainment Corp has agreed to acquire GameTV Corp from Kilmer Enterprises Inc, an affiliate of Canadian private investment firm Kilmer Group. No financial terms were released. Launched in 2005, GameTV is a specialty network available in more than 9 million homes across Canada via cable, satellite and IPTV systems. Kilmer Enterprises President Kenny Albert said the company will benefit from “being part of a larger group rather than continuing as a stand-alone service.” Anthem operates a number of specialty channels, including Fight Network and FNTSY Sports Network in Canada.
Anthem Sports & Entertainment Corp. Acquires GameTV
Toronto, Ontario, Canada (PRWEB) August 02, 2016
Anthem Sports & Entertainment Corp. (“Anthem”) has agreed to acquire The GameTV Corporation currently held by Kilmer Enterprises Inc. (“Kilmer”).
Anthem currently controls and operates TV channels Fight Network and FNTSY Sports Network in Canada and other markets on traditional TV and digital platforms. It also holds licences for three other Canadian TV channels, EDGEsport, MAVTV Canada and Pursuit Canada, which have yet to be launched.
GameTV is available in over 9 million homes across Canadian cable, satellite and IPTV systems, and has a large loyal and consistent audience, ranking well among all specialty services.
“We are delighted to have GameTV become part of the Anthem organization,” said Leonard Asper, CEO of Anthem. “We think it’s a terrific fit because in addition to the financial upside, it will provide scale for Anthem, creating greater programming options, new advertising and marketing opportunities, expansion onto digital platforms, as well as operating efficiencies.”
“Kilmer is proud of the success GameTV has experienced in attracting and maintain a significant audience,” said Kilmer president Kenny Albert. “Kilmer believes GameTV’s future success is dependent on it being part of a larger group rather than continuing as a stand-alone service.”
Given the significant commitment Kilmer has made to GameTV, it sought to ensure that its successor would continue to grow and strengthen the service. Kilmer believes that Anthem’s multi-platform, multi-channel strategy will ensure this will be the case.
The transaction is subject to prior approval by the Canadian Radio-television and Telecommunications Commission (“CRTC”). An application has been filed with the CRTC.
For More Information Contact:
Anthem Sports & Entertainment Corp.
Director, Programming & Communications
About Anthem Sports & Entertainment Corp.
Anthem Sports & Entertainment Corp. is a global leader in operating targeted specialty video channels on linear, digital and mobile platforms with offices and studios in New York, Toronto, Las Vegas and Los Angeles. Anthem’s portfolio includes Fight Network, the world’s premier combat sports channel now broadcasting in the U.S., Canada and over 30 other countries, Fantasy Sports Network (FNTSY), the world’s first and only channel dedicated to fantasy sports, RotoExperts.com, a leader in fantasy sports news and analysis, and DailyRoto.com, the most comprehensive and far-reaching daily fantasy sports website. Anthem also has a significant ownership interest in Pursuit Channel, one of the top outdoor channels in the U.S. available in over 40 million homes, and it owns SportsGrid.com, a leader in general sports entertainment commentary. Anthem has partnered with IMG to launch Edge Sport, an extreme and action sports network launching soon in Canada, and has also teamed up with Lucas Oil Products to launch MAVTV Canada, a 24-hour destination channel for all things motorsports in the Canadian market.
Photo courtesy of Fight Network