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Spanish-Language Service Pantaya Starts New Chapter After Lionsgate Sale

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

On April 1, Lionsgate shifted its streaming strategy, selling its 75 percent stake in Latinx-centric service Pantaya for $124 million to Hemisphere Media, a Miami-based publicly traded firm focused on Hispanic markets.

The sale allows Lionsgate CEO Jon Feltheimer to focus on the Starz brand as it looks to grow the service, which has 27 million subscribers globally."We're very proud to have helped build Pantaya into the leading premium Spanish-language platform in the U.S., and Hemisphere is the right owner to continue their growth and success," Lionsgate COO Brian Goldsmith stated.

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