×
You will be redirected back to your article in seconds

NuvoTV raises $40 mil from investors

Influx of coin will help indie cabler produce scripted programming

NuvoTV, the English-lingo cable network aimed at bicultural Latinos, has raised $40 million from new and incumbent investors.

New coin comes from early investors Columbia Capital and Rho Capital Partners as well as new backers including Veronis Suhler Stevenson and Tennenbaum Capital Partners. It comes as NBCUniversal, Fox, MTV and others are plowing more resources into reaching domestic Hispanic viewers as the population grows.

“This is the biggest injection of capital into NuvoTV since it was founded in 2004,” NuvoTV CEO Michael Schwimmer told Variety. The cabler, founded as Si TV by producer Jeff Valdez, was rebranded as NuvoTV last year. It’s available in 30 million homes.

New coin is geared towards expanding of NuvoTV’s original programming aimed at the growing young Latino population that is steeped in mainstream U.S. culture as well as their Hispanic heritage.

Current programming is comprised of reality, music, lifestyle and talk shows as well as acquired pics. The new money enhances their opportunity to pursue original scripted programming, Schwimmer said.

“We’re looking for that unique hit show and that’s what this investment is all about,” Schwimmer told Variety.

NuvoTV has generated some buzz for its docu-reality skein “Fight Factory” which explores the world of top Latino MMA fighters. Three more new shows, “Mario Lopez One-on-One,” “The 7 of Clubs” and “Curvy Girls,” are debuting in the fall. Its signature program “Model Latina” is on its fifth season.

The network recently produced and aired town-hall style program “We Decide: Latinos and the 2012 Election,” which delved into how the presidential candidates are addressing the issues facing U.S. Latinos. Hosted by “Today” anchor Natalie Morales, the program was produced through a partnership of NuvoTV and NBC News’ Peacock Prods.

More TV

  • Jan Guillou's 'The Great Century' Being

    Jan Guillou's 'The Great Century' Being Adapted as Epic Drama Series (EXCLUSIVE)

    “The Great Century” is being adapted as an epic drama series by Dramacorp-Pampas Studios, which has landed the rights to Swedish author Jan Guillou’s book series. Guillou is known for his “Hamilton” spy-thriller novels, which Dramacorp-Pampas Studios has brought to TV as “Agent Hamilton.” That project had an international premiere at Mipcom and has presold [...]

  • Lilly Burns Tony Hernandez

    Variety to Honor Jax Media Chiefs Tony Hernandez, Lilly Burns at New Leaders Event

    Emmy Award-winning producer Tony Hernandez and Emmy-nominated producer Lilly Burns will receive the Creative Leadership Award on behalf of Jax Media at the Variety New Leaders event presented by City National Bank, taking place Nov. 14 in New York City. As founders of Jax Media, Hernandez and Burns have produced shows and specials such as [...]

  • Editorial use only. No book cover

    Virginia Leith, Female Lead in Stanley Kubrick's First Film, Dies at 94

    Actress and model Virginia Leith, who starred in Stanley Kubrick’s first film “Fear and Desire,” which he later disavowed, has died. She was 94. According to family spokesperson Jane Chalmers, Leith died after a brief illness at her home in Palm Springs, Calif. on Nov. 4. Born on Oct. 15, 1925, Leith met Kubrick in [...]

  • Friends

    'Friends' Reunion Special in Early Planning Stages at HBO Max

    More “Friends” could well be there for you when the HBO Max rain starts to fall. An unscripted “Friends” reunion special is in the works at the forthcoming WarnerMedia streamer, Variety has confirmed with sources. Sources say original cast members Jennifer Aniston, Lisa Kudrow, Courteney Cox, Matt LeBlanc, Matthew Perry and David Schwimmer are in discussions [...]

  • TC3_SM_060718_238A4600.cr2

    'The Crown' New Season: Netflix to Offer Opening Episode for Free in the U.K.

    When Olivia Colman steps into the royal shoes of Queen Elizabeth II, viewers in the U.K. and Ireland will be able to watch for free as Netflix makes the eagerly awaited Season 3 curtain-raiser available gratis. The streaming giant will launch the series opener on a dedicated site for a limited period starting Sunday, making it [...]

  • T.R. Knight

    TV News Roundup: T.R. Knight Joins HBO Max's 'The Flight Attendant'

    In today’s TV news roundup, “Grey’s Anatomy” star T.R. Knight joins HBO Max’s “The Flight Attendant” and BET renewed “Games People Play.” CASTING T.R Knight has been cast in HBO Max‘s dark comedy “The Flight Attendant.“ Knight will play Cassie’s (Kaley Cuoco) older brother, Davey. When Cassie’s life starts to unravel, Davey deals with the [...]

  • Days of Our Lives Bill Hayes

    'Days of Our Lives' Cast Members Released From Contracts

    The entire cast of the NBC soap opera “Days of Our Lives” have been released from their contracts, Variety has confirmed. The daytime drama has run for over 13,000 episodes since first debuting in 1965. The show will go on hiatus at the end of November, though it has shot enough episodes to last through the [...]

More From Our Brands

Access exclusive content