Hemisphere Media Group Acquires Snap Media

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Ariel Tobi, president of Snap Media

by @todotvnews the 04/05/2018
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Latin and Hispanic media company Hemisphere Media Group announced this Friday the acquisition of 75% of distributor and producer Snap Media, while signing a co-production alliance with MarVista Entertainment.

Hemisphere Media Group, Latin and Hispanic media company based in the US, announced the acquisition of 75% of Snap Media, Ariel Tobi's production and distribution company.
 
As part of the deal, the group also formed a joint-venture of co-production with MarVista Entertainment, Snap Media's partner.
 
"We are excited to acquire a majority stake in Snap Media," said Alan J. Sokol, president and CEO of Hemisphere.
 
"Adding content distribution is strategic and we trust that our combined resources and experience will accelerate Snap's growth and position as a leading independent distributor of Hispanic content," he added.
 
Sokol also highlighted that the alliance with MarVista will facilitate the expansion of its original production strategy.
 
"We are proud to be joining the Hemisphere family," said Ariel Tobi. "We want to expand Hemisphere's international business through strategic global alliances to produce and distribute premium content around the world," he added.
 
Fernando Szew, CEO of MarVista, also noted Hemisphere's strength in Latin America and the US Hispanic, and said this alliance is a natural evolution for his company.
 
"This joint venture will strengthen our bonds with Latin America and allow us to reach our creative potential internationally," he added.
 
Snap Media was founded in 2009 in association with MarVista Entertainment as an independent producer and distributor. In the part it had already collaborated with Hemisphere in the international distribution of the drama El Desconocido, la Historia del Cholo Adrian.
 
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