U.S. HISPANIC
Hemisphere Media Group finalizes the acquisition of 75% equity interest in Snap TV
Maribel Ramos-Weiner| 29 de noviembre de 2018
Alan Sokol Hemisphere Media Group
Hemisphere Media Group, Inc. has finalized the acquisition of a 75% equity interest in Snap Global, LLC (Snap TV), a leading independent distributor of content in Latin America to broadcast, pay TV and OTT platforms.
Ariel Tobi, the founder of Snap TV, joined Hemisphere as the SVP of Content Distribution and Production. In his role, Tobi will oversee content licensing and the expansion of Hemisphere’s content distribution business. Tobi will also oversee Hemisphere and MarVista Entertainment’s new production joint venture committed to producing top-quality international television content. The joint operation will allow the two companies to apply their specific knowledge and expertise to address the growing international demand for world-class content.
“We have gotten to know Ariel and his team over past years, and we have tremendous respect for their knowledge, productivity, and success in this fast-changing market. Ariel is a seasoned industry veteran and brings vast expertise in distribution and production, as well as wonderful relationships across the industry and a strong entrepreneurial mindset. We look forward to him spearheading Hemisphere’s growth initiative into international distribution as well as content development and production,” said Alan J. Sokol, president, and CEO of Hemisphere.
“This is a very exciting time for us and we look forward to leveraging our global production, content creation, and distribution partnerships to expand Hemisphere’s international business strategy. We are happy to officially join the team and work with executive leadership as Hemisphere continues to scale its global content platform,” said Tobi.
While Tobi has relocated to Miami, FL, a small operation will remain in Buenos Aires.
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