×
You will be redirected back to your article in seconds

Globosat, Caracol TV to Launch Hispanic Pay-TV Channel (EXCLUSIVE)

Latin American powerhouses ink U.S. joint venture

Two of Latin America’s biggest pay tv operators – Brazil’s Globosat and Colombia’s Caracol TV – have today signed a Memorandum of Understanding to launch a Spanish-language pay-TV channel in the United States in 2015.

The 55 million Hispanic TV market is one of the fastest growing markets in the U.S..

Globosat and Caracol believe that their new pay-TV channel will be able to compete with the likes of Univision and NBCUniversal’s Telemundo, who have gained increasing control over this market by cherry-picking popular telenovelas and producing new Spanish-language shows for U.S. viewers.

The new joint venture will air existing content from Globosat and Caracol and will also develop new high-quality fiction programming specifically aimed at the U.S. market.

Globosat, part of the privately controlled Globo group, is the biggest pay-TV operator in Latin America, with 34 Brazilian channels – spanning news, fiction, sports, culture, education and live entertainment – including 15 HD channels, 10 PPV channels and 6 VOD channels.

Globosat already has extensive partnerships with U.S. players for the Brazilian market, including with MGM, NBC-Universal, Fox and Playboy.

The company is keen to tap into the US Hispanic market, but this requires astute strategic partnerships given that its core programming is in Portuguese.

This will be Globosat’s most ambitious international expansion to date.

Globosat’s CEO, Alberto Pecegueiro stated in a joint press release disclosed today: “Globosat, with almost 23 years of existence, has accumulated major experience in launching pay TV channels in collaboration with leading international groups. For us it’s a natural step to look carefully at the fastest growing sector in the US – the Spanish-language pay TV market.”

Caracol TV, part of the publicly-listed Valorem Group, is Colombia’s largest free-to-air broadcaster, producing 5,200 programming hours per year, and is one of Latin America’s largest producers of telenovelas, including titles such as “El Cartel”.

Caracol has offices in Miami, Madrid and Bogota and has maintained an output deal with Televisa (which owns about 38% of Univision).

Caracol also operates its own U.S. Hispanic pay-TV channel, Caracol TV International, launched in 2003, that focuses on news, entertainment and sports, and has over 2.1 million subscribers.

Caracol’s CEO, Gonzalo Córdoba Mallarino commented that Globosat, “is the partner that we all wanted in this long-term project, which aims to strengthen our existing presence in the Hispanic market in the USA. This is a recognition of the quality of Colombian TV production and reaffirms our dedication to innovation and expansion into new sectors and markets, with new and refreshing content in a market we know and that is increasingly demanding.”

Globosat will provide its know-how and a huge library of Portuguese-language fiction, that can be dubbed into Spanish or adapted as formats.

Pecegueiro explained “We admire Caracol’s quality, as one of the biggest producers of Spanish TV fiction and also identify with the company’s culture, values and business vision”.

The operating budget and programming details of the new channel will be unveiled in October.

More TV

  • Shefali Shah in Delhi Crime

    'Delhi Crime’ Wins big at Asian Academy Creative Awards

    Richie Mehta’s harrowing Netflix series “Delhi Crime” was the big winner at the 2nd annual Asian Academy Creative Awards in Singapore on Friday. Representing the show, lead actress Shefali Shah was rushed off her feet as she repeatedly had to return to the stage. “Delhi Crime” earned her best actress in a leading role, best [...]

  • KARNAWAL

    ‘Karnawal,’ ‘Restless,’ ‘Summer White,’ ‘Firsts’ Win Big at Ventana Sur

    BUENOS AIRES  — With Ventana Sur now firing on multiple cylinders, featuring pix-in post or project competitions for not only art films but also genre pics and animation – two sectors embraced by young creators in Latin America – “Karnawal,” “Restless,” “Summer White” and  “Firsts” proved big winners among Ventana Sur’s arthouse and animation competitions, [...]

  • Robert Walker Jr.

    'Star Trek' Actor Robert Walker Jr. Dies at 79

    Robert Walker Jr., son of actors Robert Walker and Jennifer Jones, died Thursday, his family confirmed to the official website for the television show “Star Trek.” He was 79. Walker Jr. is best remembered for playing the titular Charlie Evans in the “Star Trek” episode “Charlie X” from the show’s first season in 1966. His [...]

  • Los Angeles Lakers' LeBron James, right,

    TV Ratings: Why Is the NBA Shooting Air Balls?

    The NBA’s TV ratings so far this season have been far from all-star level. Viewership across ESPN, TNT and NBA TV is down 15% year-to-year overall, according to Nielsen figures. TNT’s coverage is averaging 1.3 million viewers through 14 telecasts, down 21% versus last year’s comparable coverage, while on ESPN the picture isn’t much prettier. The [...]

  • Claire Danes, Homeland

    TV News Roundup: Showtime Releases 'Homeland' Final Season Trailer

    In today’s TV news roundup, Showtime drops the trailer for the final season of “Homeland,” and National Geographic reveals the first look at Cynthia Erivo as Aretha Franklin in “Genius: Aretha.” FIRST LOOKS Showtime released the trailer for the final season of “Homeland,“ premiering Feb. 9. The eighth and final season, starring Claire Danes and [...]

  • 700700 + Ted Turner Dedication. December

    Ted Turner Tributes Established With WarnerMedia Gift to University of Georgia

    WarnerMedia has established a scholarship, internship program and exhibition hall at the University of Georgia to be named after maverick media mogul Ted Turner. The company has gifted $550,000 to the university to create the Ted Turner Scholarship Fund, for students attending the school’s Grady College of Journalism and Mass Communication, which is also the [...]

More From Our Brands

Access exclusive content