TelevisaUnivision Acquires Streamer Pantaya From Hemisphere Media

TelevisaUnivision has inked a deal to originate U.S. Spanish-language streaming service Pantaya from smaller rival Hemisphere Media Group, adding the asset to its currently launched world DTC offering VIX+ expected to originate in the 2d half of of 2022.

Monetary terms weren’t released nevertheless the deal is for cash plus TelevisaUnivision-owned radio stations in Puerto Rico, alongside with WKAQ AM and KQ105 FM.

In Feb., the merged TelevisaUnivision launched Vix as its flagship streaming designate for subscription and free, advert-supported variations. Global AVOD service ViX. It’s been rolling out high-profile partnerships with Salma Hayeokay, Eugenio Derbez and Selena Gomez and others.

The scamper “is an exhilarating replacement to create upon our strategic enhance belief as we proceed to redefine the area streaming panorama,” acknowledged TelevisaUnivision president and chief transformation officer Pierluigi Gazzolo. “We uncover forward to welcoming the Pantaya team, the contemporary subscribers, and getting access to the thousands of hours of bellow sources which completely complement TelevisaUnivision’s prolific long-make bellow engine, alternate-leading library, and huge portfolio of IP and sports actions rights.”

Hemisphere CEO Alan Sokol cited competitors in the streaming quandary. “Given the highly aggressive multi-language SVOD streaming environment, Pantaya’s service is most productive positioned below a company that could present the resources and investment it needs to scale and develop. As well as, Hemisphere’s acquisition of definite Univision Puerto Rican radio sources shall be an supreme complement to WAPA, Puerto Rico’s leading broadcast community. Post-closing, we will proceed to work carefully with the TelevisaUnivision Uforia programming team who, with its deep track ride, will proceed to program the KQ105 FM quandary.”

Pantaya, a premium streaming skedaddle quandary for Spanish-language motion photos provides a compelling option of contemporary and classic, blockbusters and severely acclaimed titles from the U.S. and Latin The United States. Pantaya components first-speed gripping and approved titles, alongside with instantaneous access to make a option motion photos on hand on the the same day they debut theatrically in Latin The United States. Titles encompass Señorita 89 and A La Mala,

The transaction is anticipated to shut in the 2d half of.

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