09/30/2013
FOX International Channels Acquires Paramount Stake in LAPTV, Latin America's Leading Operator of Premium Channels
New York, September 30, 2013: FOX International Channels (FIC) today announced the purchase of Paramount Pictures share of LAPTV, bringing FICs ownership of the company to 100%. LAPTV is the leading operator of premium movie channels in Latin America.
Paramount has also extended its long-term content output agreement with FOX International Channels. The deal gives FIC access to new Paramount feature films in Latin America, (excluding Brazil). LAPTV operates Moviecity and other leading premium channel brands, also has a long-term content output agreement with MGM, Universal Studio and Twentieth Century FOX.
Known for offering the best premium video entertainment experience in Latin America, Moviecity is an innovative company that pioneered TV Everywhere services by being first to launch Moviecity Play, its VOD authenticated platform in 2011. Moviecity Play is a compelling extension that enables users to access great content including series, movies and kids programming at any time, on any device.
I'm very excited to announce that FOX International Channels will now own 100% of LAPTV, I am sure that we will leverage and increase the value of our product proposition to our affiliates, distributors and advertisers, said Carlos Martinez, President of FIC Latin America, who recently named Edgar Spielmann as Executive Vice President and Chief Operating Officer of FOX International Channels Latin America.
Spielmann has been the head of LAPTV since 2009. He is a strong asset for our organization and a key piece in our management team. Premium channels and nonlinear businesses are a priority for our company all over the world, and what LAPTV has built in Latin America is a powerful blueprint globally. The expertise of Edgar and the LAPTV team will be a great competitive advantage for FIC. added Mart nez.
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