Mediapro sells the Pasiones, Centroamérica Tv and Dominicana Tv channels to Hemisphere Media

Mediapro reaches an agreement with Hemisphere Media for the sale, for $102 million, of three Spanish-language cable TV channels in the US. Media World will continue to produce the content and provide technical services

Media World, the American division of the Mediapro group, has reached an agreement with the Hemisphere Media group for the sale of three pay television channels in Spanish in the US market. The success achieved by the three channels created by Media World means that their growth possibilities depend on their integration into a framework with greater reach, both territorially and potential audience, such as the Hemisphere group. There is no doubt that countless synergies and economies of scale will emerge from its integration into the Spanish-language cable television giant in the USA. Media World will continue to produce the channel's content and provide all the necessary technical services.

The operation includes the channels: Pasiones, with more than 11 million subscribers, dedicated to the broadcast of soap operas and series; Central America TV, with 3.3 million subscribers and Dominican TV, with 2.2 million subscribers, both generalists. The transaction is expected to close in the first quarter of 2014.

The American division of the Mediapro group has been present in the United States for 15 years and has established itself as a leading television producer in the United States Hispanic market and as a producer specialized in the development and distribution of audiovisual content. Its activities include the production of audiovisual content, post-production, management of television rights and the distribution and transmission of thematic television channels, among others. With headquarters and production center in Miami, it has HD studios in Miami and Los Angeles. Its team is made up of two hundred professionals and its annual turnover is more than one hundred million dollars.

Hemisphere Media Group, Inc., is a media group operating in the United States. Based in Florida, the group owns a cable television network made up of Cinelatino, WAPA Televisión and WAPA América, dedicated to the broadcast of films and entertainment programs in Spanish and is listed on the Nasdaq in New York.