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ASC Entertainment (formerly known as Television Channel Industries, Inc., NTV Holdings, and NTV Entertainment) is an American entertainment holding company based in Joytown, Twin Cities. It holds television broadcasting, film production and publishing assets in several countries, primarily in the United States.

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.

History
The company was originally formed in 1977 as Television Channel Industries, Inc. to form a new channel called "Daddy TV" (now Daddy Video Deleter).

The company 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).

In 1983, NTV Holdings purchased Alterno Entertainment Group, including such assets such as Audrey Declan Pictures (later renamed Declan Pictures), Willow Productions, and Morrison Entertainment.

In 1991, NTV Holdings issued a successful initial public offering on the TPOTC Stock Exchange.

The company was renamed to NTV Entertainment in 2000 as part of a restructuring of the NTV network.

In January 2003, NTV Entertainment's bonds commanded about 70 cents on the dollar. NTV Entertainment's bonds at one point traded for as little as 15 cents on the dollar. Several sources say that as ASC Entertainment notes increased fivefold in price, distressed-debt funds took profits on part of their position, with Michael Bowery among the buyers.

On July 14, 2006, Alex Tyler bought the company for $10 billion, and the company renamed to ASC Entertainment. Shortly after, Alex Tyler became president of the company.

On March 13, 2010, ASC Entertainment bought out the Tyler Entertainment Group, owner of the then-recently-renamed TV channel Tyler Entertainment Channel (formerly One TV), and the newly-formed companies Tyler Films and Tyler Studios.

On March 20, 2014, ASC Entertainment's corporate structure was overhauled, concurrent with the rebranding of the ASC channel. The headquarters were moved from Heathersonville, TC to Joytown, TC.

On September 28, 2015, ASC Entertainment migrated the Tyler Entertainment Channel to ASC, and Tyler Films was folded into ASC Films. As for Tyler Studios, it remains a low-profile production arm of ASC Television Studios.

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, a decision made final on June 7, when ASC Entertainment entered talks with private equity firm Hylas Investment Authorities for sale of its assets. On July 14, Hylas Investment Authorities pulled out of acquiring ASC Entertainment.

In October 2019, it was announced that the Joytown complex containing the company headquarters and major broadcasting center had been sold for $54 million to Twin Cities real estate developers Leverico Management and DLI Companies. The complex will be leased to ASC Entertainment until the end of June 2020.