Radio / Television News

Anthem acquires majority interest in AXS TV and HDNet Movies networks


Deal includes AXS TV’s library of wrestling, MMA and entertainment contentTORONTO, DALLAS and LOS ANGELES — Anthem Sports & Entertainment announced it has acquired a majority interest in HDNet LLC, parent company of the US television networks HDNet Movies and AXS TV, founded by Mark Cuban who along with AEG will remain active equity partners. The financial details of the investment were not made public.Anthem will assume operating management of the two popular channels that cater to music, sports, entertainment and lifestyle audiences. The deal also includes AXS TV’s extensive library of owned programming, including wrestling, MMA and entertainment content.With...