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. The company owns TV channels such as ASC, Chris Video Direction, and film and production companies that it acquired, including Declan Pictures in 2011, DeWitt Entertainment in 2013, and WDC in 2017.

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.