Hemisphere Media Group completed the acquisition of the remaining 75% stake in Pantaya from Lionsgate for $124m.

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.