Hemisphere Media Group To Take Majority Stake In Latin America’s Snap TV

Hemisphere Media Group has agreed to acquire a 75% stake in Snap Global, a leading independent distributor of content in Latin America to broadcast, pay TV and OTT platforms. As part of the deal, Hemisphere has also enterted into a co-production joint venture with MarVista Entertainment, independent film and TV production company and minority owner of Snap TV, to co-produce new original productions.

Prior to the transaction, Snap TV teamed with Hemisphere on the international distribution of the five-part narco drama El Desconocido, la Historia del Cholo Adrian, produced by Hemisphere’s Spanish-language cable movie network Cinelatino, which was licensed to Netflix earlier this year.

In addition, Ariel Tobi will be joining the Hemisphere team as Senior Vice President of Distribution and Programming.

“We are proud to join the Hemisphere family,” said Tobi. “We look forward to expanding Hemisphere’s international business through strategic global alliances to produce and distribute premium content worldwide, securing Hemisphere’s position as a leading global production, distribution and media company.”

Snap TV has long-standing relationships with key broadcast and cable networks and digital platforms in the region, including Disney, Televisa, Fox, and Netflix. Snap TV has also co-produced successful non-scripted series for NatGeo and History Channel in Latin America, and together with MarVista, has produced movies in Latin America.

This article was printed from https://deadline.com/2018/05/hemisphere-media-group-majority-stake-latin-america-snap-tv-1202382686/