New York, NY – September 30, 2013 – FOX International Channels (FIC) today announced the purchase of Paramount Pictures share of LAPTV, bringing FIC's 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 Martinez.
About Fox International Channels
FOX International Channels (FIC) is 21st Century FOX's international multi-media business. We develop, produce and distribute 300+ wholly- and majority-owned entertainment, sports, lifestyle, factual and movie channels in 45 languages across Latin America, Europe, Asia and Africa. FIC's core channel brands include FOX, FOX Sports, FOX Life and National Geographic Channel. FIC's movie channels include FOX Movies, FOX Movies Premium, Star Chinese Movies and Moviecity. These networks and their related mobile, non-linear and high-definition extensions, reach over 1.6 billion cumulative households worldwide. In addition, FIC owns and operates two production studios and produces thousands of local programming hours for its wholly owned channels and third parties.
For additional information, please contact:
VP, Marketing & Communications
FOX International Channels
Tel: +310 369 5487
SVP, Corporate Communications & PR
FOX International Channels Latin America
Tel: +5411 1103 1144