Hemisphere Media's Cinelatino and Pasiones Networks Now Available on Megacable in Mexico
Hemisphere Media Group, Inc. (NASDAQ:HMTV) ("Hemisphere" or the
"Company"), the only publicly traded pure-play U.S. media company
targeting the high growth Spanish-language television and cable networks
business in the U.S. and Latin America, announced today that Cinelatino,
and Pasiones have launched during the fourth quarter on Megacable's
systems in Mexico. Megacable is Mexico's third largest pay television
operator. Cinelatino is represented by MVS Television in Mexico.
"We are pleased that both Cinelatino and Pasiones are now fully
distributed across the Megacable subscriber base, giving us an even
stronger presence in Mexico and significantly expanding our pay
television penetration in this very attractive market," said Alan Sokol,
President and Chief Executive Officer of Hemisphere Media Group. "We
believe our content will be embraced by Megacable's audience. Our growth
in Mexico complements the terrific organic subscriber increases we
continue to experience across Latin America."
About Hemisphere Media Group, Inc.
Hemisphere Media Group, Inc. (NASDAQ:HMTV) is the only publicly traded
pure-play U.S. media company targeting the high growth Spanish-language
television and cable networks business in the U.S. and Latin America.
Headquartered in Miami, Florida, Hemisphere owns and operates five
leading U.S. Hispanic cable networks, two Latin American cable networks,
and the leading broadcast television network in Puerto Rico.
Hemisphere's networks consist of:
Cinelatino, the leading Spanish-language movie channel with over 17.5
million subscribers across the U.S., Latin America and Canada,
including 4.6 million subscribers in the U.S. and 13.0 million
subscribers in Latin America, featuring the largest selection of
contemporary Spanish-language blockbusters and critically-acclaimed
titles from Mexico, Latin America, Spain and the Caribbean.
WAPA, Puerto Rico's leading broadcast television network with the
highest primetime and full day ratings in Puerto Rico. Founded in
1954, WAPA produces more than 75 hours per week of top-rated news and
WAPA America, the leading cable network targeting Puerto Ricans and
other Caribbean Hispanics living in the U.S., featuring the
highly-rated news and entertainment programming produced by WAPA. WAPA
America is distributed in the U.S. to 5.2 million subscribers.
Pasiones, dedicated to showcasing the most popular telenovelas and
drama series, distributed in the U.S. and Latin America. Pasiones has
4.5 million subscribers in the U.S. and 11.1 million subscribers in
Centroamerica TV, the leading network targeting Central Americans
living in the U.S., the third-largest U.S. Hispanic group, featuring
the most popular news, entertainment and soccer programming from
Central America. Centroamerica TV is distributed in the U.S. to 4.1
Television Dominicana, the leading network targeting Dominicans living
in the U.S., featuring the most popular news, and entertainment
programming from the Dominican Republic. Television Dominicana is
distributed in the U.S. to 3.2 million subscribers.
Megacable Holdings, S.A.B. de C.V. is one of the largest cable
telecommunications operators in Mexico. Based on the number of
subscribers, they are the main supplier for high speed cable Internet
and digital telephone services according to information provided by the
Cable Telecommunications Industry National Organization (CANITEC).
The company has presence in 25 states and more than 300 cities
including: Guadalajara, Puebla, Toluca, León, Veracruz, Hermosillo,
Culiacán, Morelia, Querétaro and Torreón. Megacable has more than 3.0
million cable TV subscribers, approximately 2.0 million broadband
Internet and 930 thousand in phone services.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170203005397/en/
Sloane & Company
Erica Bartsch, 212-446-1875
Source: Hemisphere Media Group, Inc.
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