Lions Gate Entertainment Corp. has clinched a deal with media tycoon Haim Saban's private investment firm, Saban Capital Group, to become a partner in Tiger Gate, the company's recently launched pay-TV venture in Asia.
Saban Capital, which owns stakes in Spanish-language media company Univision and Israel's telecommunications provider Bezeq, will initially match Lions Gate's Tiger Gate investment to date of several million dollars, with more funding expected in the future.
Saban's infusion will enable the partners to expand Tiger Gate's presence across Asia with additional channels and the acquisition of existing media assets in the region.
Hong Kong-based Tiger Gate operates the thriller channel Thrill and action comedy channel Kix, both of which will also launch in Hong Kong and Singapore on April 28. Tiger Gate plans to expand to Thailand, Vietnam, the Philippines, Malaysia and Brunei in the coming year.