Pantaya is an American OTT

streaming Streaming media is multimedia that is delivered and consumed in a continuous manner from a source, with little or no intermediate storage in network elements. ''Streaming'' refers to the delivery method of content, rather than the content it ...

service targeted for Hispanic and Spanish-language viewers. Content includes programs and films released in Latin America and original programming, as well as Spanish dubs from

Lionsgate Lions Gate Entertainment Corporation, doing business as Lionsgate, is a Canadian-American entertainment company. It was formed by Frank Giustra on July 10, 1997, domiciled in Vancouver, British Columbia, Canada and is currently headquartered ...

's select catalogue. The streaming service is currently available in the

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and

Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated ...

, and content can be accessed globally through other streaming services such as

Amazon Amazon most often refers to: * Amazons, a tribe of female warriors in Greek mythology * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon River, in South America * Amazon (company), an American multinational technology c ...

Prime Video Amazon Prime Video, also known simply as Prime Video, is an American subscription video on-demand over-the-top streaming and rental service of Amazon offered as a standalone service or as part of Amazon's Prime subscription. The service prim ...

History

Pantaya was launched in August 2017 in a joint venture between

and Hemisphere Media Group. Paul Presburger was appointed as

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of the streaming service, who is also CEO of

Pantelion Films Pantelion Films is an American film production company that was created in 2010 and based in Santa Monica, California. The studio's goal is to bring wider theatrical distribution of movies aimed at Latino audiences. It is backed by TelevisaUnivisi ...

. Lionsgate has owned 75% of the streaming platform while Hemisphere owned 25% at the time. In 2019, the platform has reached 500,000 subscribers. In that same year, Pantaya has expanded into producing original programming, starting with ''

El juego de las llaves ''El juego de las llaves'' is a Mexican comedy streaming television series created by Marisa Quiroga and co-produced by Amazon Prime Video, Pantaya, and Corazón Films. The first season consist of 10 episodes and the series debuted on 16 August 20 ...

'' which debuted in August of that year. In 2021, Hemisphere Media Group has acquired full ownership rights to the Pantaya streaming service from

for $124 million, following the latter's decision to focus on the expansion of its

Starz Starz (stylized as STARZ since 2016; pronounced "stars") is an American premium cable and satellite television network owned by Lions Gate Entertainment, and is the flagship property of parent subsidiary Starz Inc. Programming on Starz consist ...

brand. Lionsgate's CEO Brian Goldsmith has stated that the studio was "very proud to have helped build Pantaya into the leading premium Spanish-language platform in the U.S.," and added that Hemisphere Media Group was "the right owner". Additionally, Hemisphere CEO Alan Sokol said that the company is aiming for expansion. “There’s so much more we can do, and the opportunity is so much greater,” Sokol said. “We’ve set a stated goal of 2.5 to 3 million subscribers by 2025. But honestly we feel that’s a conservative goal and that the opportunity is two to three times that." As of April 2021, there are 900,000 subscribers to Pantaya. More recently, she had signed a deal with actress

Fernanda Castillo María Fernanda Castillo García (born 24 March 1982), known as Fernanda Castillo, is a Mexican actress. She is best known for her roles as Daniela Montalvo in '' Destilando amor'', Luisa Barrera in '' Teresa'', co-starring Angelique Boyer and ...

, whereas the actress would star in Pantaya's upcoming projects. In May 2022,

TelevisaUnivision TelevisaUnivision (formerly known as Univision Communications) is a Mexican-American mass media, media company headquartered in New York and Mexico City, which owns the American Spanish language broadcast network Univision. 45% of the company is ...

reached a deal with Hemisphere Media Group to acquire Pantaya, targeting the platform in order to fortify their own

ViX VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated ...

streaming service. The acquisition was completed on September 13th of that year.

References

External Links

Official website
{{TelevisaUnivision 2017 establishments in California Internet properties established in 2017 Internet television streaming services Subscription video on demand services Entertainment companies established in 2017 Companies based in Los Angeles Former Lionsgate subsidiaries Televisa subsidiaries