KC Global Media Sells Animax Korea, Linear Kids Channel, to Aniplus
Patrick Frater Asia Bureau Chief KC Global Media, a leading multi-territory operator of linear TV channels in Asia, has sold Animax Korea to Aniplus, an Asian multinational television channel and anime distributor based in Singapore and South Korea. The deal “aims to elevate Animax Korea’s offerings while focusing on horizontally integrating its content across Aniplus’ platform and reach,” the companies said. The deal was agreed in April, but was subject to regulatory approvals. These have now been obtained. Deal terms were not disclosed. But sources close to the transaction suggest that it was valued at some KRW46 billion ($35.5 million).