EXCLUSIVE-Spanish-language Hemisphere Media Group explores sale -sources

exclusive spanish language hemisphere media group explores sale sources

Sumary of EXCLUSIVE-Spanish-language Hemisphere Media Group explores sale -sources:

  • By Krystal Hu2 Min Read(Reuters) -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.
  • Programming targeting Spanish-speaking viewers has become a key battlefield in the war for eyeballs among media companies, including Netflix Inc and Amazon.
  • 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.

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