Celestial Pictures Focuses on Branded Pay TV Channels across Asia

Thursday, 22 December 2011 10:51

Written by Ferdi Hasiman

Theindonesiatoday.com - Celestial Pictures Limited, Saban Capital Group and Lionsgate reported that the creation of Celestial Tiger Entertainment (CTE), an independent Asian media company focused on branded pay TV channels, content creation and distribution across Asia.

The three companies noted that the alliance is designed to bring their Asian pay TV channel operations to the next level of performance through a significant capital investment by Saban Capital Group and an extension of their channel distribution footprint while achieving significant synergies through a scaled platform. They also noted that CTE will continue to expand and roll out new channels through a combination of organic growth and strategic acquisitions.

Celestial Pictures has been a leader in Asian language film and television production and distribution and operation of TV channels since its formation in 2001. Tiger Gate, founded by William Pfeiffer and Paul Presburger and owned jointly by Lionsgate and Saban Capital Group since April 2010, has launched its branded KIX and Thrill channels on two platforms in Hong Kong, six platforms in Indonesia, two platforms in SINGAPORE, one platform in Thailand and two platforms in the Philippines.

Celestial Pictures is a wholly owned unit of Astro which owns and operates, among other businesses, the preeminent DTH platform in Malaysia, owns the legendary Shaw Brothers Film Library and distributes movie channels globally; Saban Capital Group is a leading private investment firm specializing in the media, entertainment and communications industries; and Lionsgate is the world's largest independent filmed entertainment studio.

CTE brings together a unique bouquet of pay channel offerings for Asian consumers by combining Celestial Pictures' flagship channels, Celestial Movies, the most broadly distributed 24-hour Chinese movie channel in the world featuring the best of Chinese and other hit Asian films, Celestial Classic Movies, the gateway to an array of Chinese martial arts, drama, comedy and action movie masterpieces, and Celestial Movies On Demand, Celestial's subscription video on demand service, with the three pay TV channels of Tiger Gate Entertainment, the Lionsgate/Saban Capital Group partnership in Asia -- KIX, the ultimate in action entertainment, Thrill, Asia's only horror and suspense movie channel, and KIX HD, featuring the best of action with a late night dose of thrillers in high definition.

Celestial Pictures will continue to own and distribute the legendary Shaw Brothers Film Library and CTE will license content from Celestial Pictures for its channels. CTE will also be the exclusive sales agent for all of Lionsgate's content in Southeast Asia and China. (Theindonesiatoday.com)

Celestial Pictures TV Channels Asia

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