Globosat & Caracol Team for U.S. Hispanic Pay-TV Channel

BOGOTÁ: Globosat and Caracol Television are planning to launch a Spanish-language pay-TV channel in the U.S.

A Memorandum of Understanding (MOU) was signed this week between Gonzalo Córdoba Mallarino, the president of Caracol Televisión, and Alberto Pecegueiro, the general director of Globosat. Details about the new channel will be announced shortly.

Pecegueiro said: "Globosat, founded almost 23 years ago, has acquired great experience in TV broadcasters launching in collaboration with large international groups. It is natural for us at this point to take a closer look at the fastest growing U.S. sector, the Hispanic paid-television market. Regarding Caracol, we admire the quality of the major producer of soap operas in Spanish, while we identify with its culture, values and entrepreneur vision."
 
Córdoba Mallarino stated: "For us, to have come to this agreement with Globosat is a matter of pride. It is the partner that we all want to have in this long-term project and with whom we expect to strengthen our presence in the U.S. Hispanic market. This is a significant acknowledgement of the quality of Colombian TV production. We thus reaffirm our vocation for innovation and expansion in new sectors and markets with new and fresh contents in an ever more demanding sector."