Mark Cuban sells majority stake in HDNet to Canadian-based Anthem Sports & Entertainment and entertainer Steve Harvey
Mark Cuban has sold a majority stake in HDNet, parent of U.S. TV networks AXS TV and HDNet Movies, to Canadian-based Anthem Sports & Entertainment and entertainer Steve Harvey.
As an investor, Harvey is also striking a strategic agreement for content development and promotion of Anthem’s portfolio of channels. Cuban and AEG will continue as equity partners in the new partnership, while AEG Global Partnerships, AEG’s advertising and sponsorship sales unit, will continue to support the channels alongside Anthem’s sales team.
"We are very excited to add these two successful channels to our portfolio,” said Asper said in a statement. Anthem has offices and studios in New York, Toronto, Los Angeles and Nashville, as well as in Europe. Added Steve Harvey about Anthem: “They have incredible shows, experiential entertainment, and a huge reach. We look forward to collaborating with Anthem on content development that will surprise and delight this newly expanded audience.” "
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