Hemisphere completes acquisition of 75% interest in Snap TV

Hemisphere Media Group announced that it has finalized the acquisition of a 75% equity interest in Snap Global (Snap TV), a leading independent distributor of content in Latin America to broadcast, pay TV and OTT platforms.
Snap TV is a company founded by Ariel Tobi that maintains long-standing relationships with the most important broadcast, cable networks and SVOD platforms in the region. With this acquisition, Tobi joined Hemisphere as the Senior Vice President of Content Distribution and Production. The executive will also oversee Hemisphere and MarVista Entertainment’s new production joint venture committed to producing top-quality international television content.
While Tobi has relocated to Miami, a small operation will remain in Buenos Aires, Argentina. Among the initiatives of Snap TV was Purga, a niche OTT for horror fans that finally decided to shut down operations in September. Hemisphere, for its part, maintains a strong commitment to the OTT market with Pantaya, the platform launched in partnership with Lionsgate for the US Hispanic market and Puerto Rico.
“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.