Anthem Acquires GameTV

Anthem Acquires GameTV
Anthem Sports & Entertainment Corp. (“Anthem”) has agreed to acquire The GameTV Corporation currently held by Kilmer Enterprises Inc. (“Kilmer”).

Anthem currently controls and operates TV channels Fight Network and FNTSY Sports Network in Canada and other markets on traditional TV and digital platforms. It also holds licences for three other Canadian TV channels, EDGEsport, MAVTV Canada and Pursuit Canada, which have yet to be launched.

GameTV is available in over 9 million homes across Canadian cable, satellite and IPTV systems, and has a large loyal and consistent audience, ranking well among all specialty services.

“We are delighted to have GameTV become part of the Anthem organization,” said Leonard Asper, CEO of Anthem. “We think it’s a terrific fit because in addition to the financial upside, it will provide scale for Anthem, creating greater programming options, new advertising and marketing opportunities, expansion onto digital platforms, as well as operating efficiencies.”

“Kilmer is proud of the success GameTV has experienced in attracting and maintain a significant audience,” said Kilmer president Kenny Albert. “Kilmer believes GameTV’s future success is dependent on it being part of a larger group rather than continuing as a stand-alone service.”

Given the significant commitment Kilmer has made to GameTV, it sought to ensure that its successor would continue to grow and strengthen the service. Kilmer believes that Anthem’s multi-platform, multi-channel strategy will ensure this will be the case.

The transaction is subject to prior approval by the Canadian Radio-television and Telecommunications Commission (“CRTC”). An application has been filed with the CRTC.