Home Box Office Takes Majority Stake in HBO Asia

January 16, 2008 -- Home Box Office Inc. (HBO), the U.S.-based premium cable television programming subsidiary of Time Warner, announced today it has taken a majority stake in its Asian joint-venture company, HBO Asia. Previously jointly held by HBO, NBC Universal, Paramount Films and Sony Pictures Entertainment, HBO Asia under the new equity structure is owned by HBO and Paramount.

Building on its strong position in the US, HBO is expanding its business internationally. The majority stake in HBO Asia is a further testament to this expansion. HBO's strong performance and brand recognition in Asia was the driving force behind the decision.

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Viewers of HBO in Asia can continue to enjoy the latest and biggest blockbuster hits as the company has ongoing output deals from major Hollywood studios including Columbia/TriStar, NBC Universal, Paramount/DreamWorks and Warner Bros. Currently available in 22 countries across Asia, HBO Asia, in addition to the HBO network, has successfully launched CINEMAX, three HBO multiplex services and HBO ON DEMAND in its 15 years of operations in the region.

About HBO Asia
Singapore-based HBO Asia brings the best of Hollywood to Asia first through exclusive licensing deals with major Hollywood studios - Columbia/TriStar, NBC Universal, Paramount/DreamWorks and Warner Bros. HBO Asia offers five commercial-free subscription movie channels – HBO, HBO SIGNATURE, HBO FAMILY, HBO HITS and CINEMAX, – as well as the subscription video on demand service, HBO ON DEMAND. In addition to the proprietary and award-winning HBO Original programs that are produced exclusively for HBO viewers, HBO works with a large number of major independent production companies to secure exclusive rights to a host of quality movies.

Source: HBO