TVBS Media Inc., formerly Liann Yee Production Co., Ltd., is a Taiwanese commercial television broadcasting company. It was originally established as a joint venture between TVB in Hong Kong and Era Group in Taiwan, but TVB took over Era's shares in the company in 2005. Later, TVB sold all of its shares in the company to HTC Corporation Chairwoman Cher Wang. As of 2019, TVBS operates four domestic channels and one international channel: TVBS, the flagship channel; TVBS News, 24-hour news channel; TVBS Entertainment, which shows variety and drama series; TVBS E!, an alternative channel available on CHT MOD IPTV platform; and TVBS Asia, available outside Taiwan.