Tuesday 06 April 2021

Miami, US-based media company Hemisphere Media Group, Inc. (NASDAQ: HMTV), targeting the US Hispanic and Latin American markets, has acquired the remaining 75% stake of US Hispanic Subscription video-on-demand service Pantaya for approximately USD 124m in cash from Lionsgate, the company said.

Prior to the transaction, Hemisphere owned 25% of Pantaya, and as a result of the transaction, will own 100% of Pantaya.