FOX gets complete control of leading LatAm premium operator
Editor | 01-10-2013
Underlining the increasing opportunity in the region, FOX International Channels (FIC) has taken full ownership of LAPTV, the leading operator of premium film channels in Latin America.
FIC’s 100% control was achieved with the purchase of the share of LAPTV belonging to Paramount Pictures which has also extended its long-term content output agreement with the 21st Century FOX subsidiary. Under the terms of this deal FIC will have access to new Paramount feature films in Latin America (excluding Brazil).
Crucially for TV development options now open to FIC, LAPTV also operates Moviecity and other leading premium channel brands, and has a long-term content output agreement with MGM, Universal Studio and Twentieth Century FOX. Moviecity claims to offer the best premium video entertainment experience in Latin America, pioneering TV everywhere services by being first to launch Moviecity Play, its authenticated video-on-demand (VOD) platform, in 2011.
“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, commenting on the deal.
Martinez also confirmed that LAPTV will continue to be headed by 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 added. “[Spielmann] is a strong asset for our organisation and a key piece in our management team. Premium channels and non-linear 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.”