Todd Spangler NY Digital EditorHemisphere Media Group said it is acquiring the remaining 75% stake of Pantaya, the U.S. Hispanic subscription video streaming service, from Lionsgate for about $124 million in cash.Pantaya was launched in August 2017 through a joint venture between Hemisphere and Lionsgate; previously, Hemisphere owned 25% of Pantaya.
Currently, Pantaya has about 900,000 paying subscribers — and Hemisphere expects its subscriber base to grow to 2.5 million to 3 million by the end of 2025.
Pantaya’s service starts at $5.99 per monthUnder the agreement, Hemisphere will maintain a strategic content relationship with Lionsgate and Starzplay, the international premium subscription service of Lionsgate’s Starz, that encompasses.
Read more on variety.com