Announced
Completed
Financials
Tags
Entertainment
Domestic
hispanic tv
United States
Completed
Private
Single Bidder
Acquisition
Majority
Friendly
video on demand
Synopsis
Hemisphere Media Group, a media company, completed the acquisition of the remaining 75% stake in Pantaya, a Hispanic subscription video-on-demand service provider, from Lionsgate, an American-Canadian entertainment company, for $124m. "Pantaya's success to date affirms the tremendous appetite of our audience for our unique content offering. Hemisphere plans to increase investment in content, expanding the output of series and movies, with the goal of accelerating subscriber growth and becoming a 'must have' entertainment option for the large and growing US Hispanic audience," Alan Sokol, Hemisphere CEO.
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