TelevisaUnivision, Inc. the world’s leading Spanish-language media and content company, announced that it has entered into an agreement with HMTV DTC, LLC, an indirect wholly owned subsidiary of Hemisphere Media Group, Inc. (NASDAQ: HMTV) (“Hemisphere”) to acquire Pantaya, LLC (“Pantaya”), a streaming platform in the U.S. for Spanish-language movies and series in exchange for cash plus certain Puerto Rican radio assets including WKAQ AM and KQ105 FM currently owned by TelevisaUnivision.
The addition of Pantaya’s content, subscribers and world class team further accelerates the transformation of TelevisaUnivision, effectively bolstering its global streaming offering ViX+, which is expected to launch in the second half of 2022.
Pantaya, a premium streaming destination for world-class movies in Spanish offers a compelling selection of current and classic, blockbusters and critically acclaimed titles from the U.S. and Latin America. Pantaya features first-run exclusive and original titles, including instant access to select movies available on the same day they debut theatrically in Latin America.
