Sumary of Spanish-language Hemisphere Media Group explores sale -sources:
- Article content Hemisphere Media Group Inc, a U.S. streaming and broadcasting company focused on attracting Hispanic viewers, is exploring options that include a potential sale, according to people familiar with the matter.
- The U.S. Hispanic population is expected to grow to 75 million by 2030 from 60.5 million in 2020. Hemisphere became the sole owner of Spanish-language streaming service Pantaya earlier this year, after paying about $124 million for Lions Gate Entertainment’s 75% stake.
- Pantaya currently boasts about 900,000 paying subscribers and expects the number to grow to 2.5 million to 3.0 million by the end of 2025. Hemisphere Media also owns and operates five U.S. Hispanic cable networks, two Latin American cable networks, and a broadcast television network in Puerto Rico.