Postcom Entertainment Group

ASC Entertainment is an American entertainment holding company that was originally formed in 1977 as Television Channel Industries, Inc. to form a new channel called "Daddy TV" (now Daddy Video Deleter) and was renamed as NTV Holdings (short for National TV Holdings) in 1979 to create a new TV channel known as National TV (which was renamed as ASC in 2006), and was renamed to NTV Entertainment in 2000 as part of a restructuring of the NTV network, and was renamed to ASC Entertainment in 2006.

ASC Entertainment is primarily involved in the media and entertainment industry; among its most significant divisions are the ASC channel, and the film studio ASC Films. It also has a significant presence in broadcasting through a portfolio of domestic and international properties, including terrestrial and pay television outlets.

On June 3, 2019, ASC Entertainment announced that it had filed for Chapter 11 bankruptcy protection due to a debt load of more than $300 million that the company owed to its creditors. On June 7, Hylas Investment Authorities announced it will buy ASC Entertainment for $15 billion in Hylas stock, including $6.75 billion in goodwill, where each ASC Entertainment share would be exchanged for 0.6325 of a Hylas share. On July 14, 2019, the acquisition deal collapsed.