Lionsgate said today as part of its fiscal Q2 earnings report that leading Spanish-language TV and broadcast networks owner/operator Hemisphere Media Group has come aboard Lionsgate’s Spanish-language SVOD movie service. The venture was unveiled first in September when Lionsgate and Univision announced they are teaming up on the yet-unnamed venture set to go live early next year.
Hemisphere, which operates five U.S. Hispanic channels, two Latin American pay-TV networks and the WAPA broadcast network in Puerto Rico, will take a minority equity stake in the SVOD venture, adding its library of several hundred Spanish-language titles from Mexico, Latin America, Spain and the Caribbean. That product will join content from the Lionsgate-Televisa tie-up Pantelion Films, and Lionsgate’s 16,000-title library and other catalogs dubbed into Spanish.
Lionsgate said the new streaming platform will be the exclusive first SVOD/pay-television window for Pantelion movies.
There are other SVOD services in the works at Lionsgate aside from the Spanish-language one including Kevin Hart’s Laugh Out Loud comedy platform and the already launched Comic-Con HQ.