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Sony to sell entertainment channels to former executives

Sony Corp. agreed to sell some of its entertainment channels to former Sony Pictures Television Inc. executives Andy Kaplan and George Chien, Variety reported.

The channels included in the transaction are Sony's AXN-branded channels in Southeast Asia, Animax and South Korea's Sony One entertainment channel. Financial terms of the deal were undisclosed.

Kaplan and Chien will operate the channels under KC Global Media, a company the executives launched.

KC Global Media is also looking to acquire similar assets from other major media companies.