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The company acquired the remaining 75% from its partner, Lionsgate. As a result of the transaction, Hemisphere now owns 100% of Pantaya, the video-on-demand subscription service for the Spanish-speaking market in the United States.

The platform debuts with more than 40 channels and more than 10.000 hours of content in Spanish, with exclusive programming from Univision and Televisa, and more from major Hollywood studios, such as Disney, MGM and Lionsgate, coming soon.

"Selling Sunset," produced by Done and Done Productions alongside Lionsgate, has been renewed for a second season and is set to air later this year. "Bling Empire," and "My Unorthodox Life," are also set to air in 2021.

The new original comedy is being developed and executive produced by “Party Down” alumni Rob Thomas along with John Enbom, Paul Rudd and Dan Etheridge. The limited series is produced for Starz by Lionsgate Television.

The changes will occur when current agreements expire at the end of this year and next year. The goal of the agreement is to focus on original programming by, about and for women and underrepresented viewers.