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After more than a decade serving as the CEO of Pantelion Films and Pantaya, Paul Presburger is departing the company to focus on Globalgate Entertainment, the production and co-financing company he co-founded six years ago.

Under the terms of the agreement, Castillo will star and co-produce original series and films for the company. Films developed as part of this deal will be produced in tandem with Pantelion Films, Pantaya’s partner company.

Serving as the service's first overall deal of its kind, the new opportunity will see Perroni starring in an original series co-produced with her, as well as various other film developments made on behalf of Pantelion Films.

Pantaya and Pantelion have signed significant multiyear direct-to-platform deals with prominent production companies El Estudio, The Lift, and Traziende Films.

The service, priced at $5.99 per month on the platform, will offer numerous world-class original titles from partnering production company, Pantelion, as well as other titles from major producers and distributors.