Hemisphere Media Group Finalizes Acquisition of 75% Equity Interest in Spanish-Language Content Distribution Company Snap TV
Hemisphere Media Group, Inc. - Class A (HMTV)
US:NASDAQ Investor Relations:
hemispheremediagroupinc.gcs-web.com/investor-relations-0
Company Research
Source: PR Newswire
MIAMI, Nov. 27, 2018 /PRNewswire/ -- Hemisphere Media Group, Inc. (NASDAQ: HMTV) ("Hemisphere"), the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets with leading broadcast and cable television and digital content platforms, has finalized the acquisition of a 75% equity interest in Snap Global, LLC ("Snap TV"), a leading independent distributor of content in Latin America to broadcast, pay TV and OTT platforms. Ariel Tobi, founder of Snap TV, joined Hemisphere as the Senior Vice President of Content Distribution and Production. In his role, Tobi will oversee content licensing and the expansion of Hemisphere's content distribution business. Tobi will also oversee Hemisphere and MarVista Entertainment's new production joint venture committed to producing top-quality international television content. The joint operation will allow the two companies to apply their specific knowledge and expertise to address the growing i
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