Revolution Studios has acquired a stake in the digital entertainment company Latin Everywhere in attempts to expand into the Latino audience, the company announced Monday.
As part of the deal, Revolution will make Spanish-dubbed versions of its titles available on Latin Everywhere’s OTT platform Pongalo. Among the films included are “xXx,” “Maid in Manhattan” and “Black Hawk Down.” Currently free, the platform will be expanded to include a subscription offering.
“In our continued effort to seek innovative revenue opportunities for the expanding Revolution library, we are acutely aware of the importance of tapping into the world’s vast, tech-savvy Latino audiences,” said Revolution CEO Vince Totino in a statement. “Based on the value and enormous growth potential we see in the Pongalo platform’s ability to reach these audiences, we have decided to make a strategic investment in Latin Everywhere.”
Also Read: Joe Roth Sells Revolution Studios to NY Investment Firm
“We are thrilled Revolution has decided to invest financially in Latin Everywhere and license to us its library of award-winning and commercially successful feature films,” said Latin Everywhere Chairman Rich Hull and CEO Jorge Granier. “The inclusion of these popular titles will add tremendous value to the content we offer our users as we add a subscription component to Pongalo’s OTT platform.”
The Scene at TheGrill 2015: TheWrap's Media Leadership Conference (Photos)
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TheWrap's editor in chief Sharon Waxman kicked off the sixth annual TheGrill Conference Day 1.
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"Empire" co-creator/writer Danny Strong (left) and producer Brian Grazer spoke onstage during the first day of TheWrap's 6th Annual TheGrill.
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Producer Brian Grazer spoke onstage during the first day of TheWrap's 6th Annual TheGrill.
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"Empire" co-creator/writer Danny Strong and producer Brian Grazer spoke onstage with Sharon Waxman during the first day of TheWrap's 6th Annual TheGrill.
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"Empire" co-creator/writer Danny Strong and producer Brian Grazer spoke onstage during the first day of TheWrap's 6th Annual TheGrill.
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"Empire" co-creator/writer Danny Strong and producer Brian Grazer spoke onstage with Sharon Waxman during the first day of TheWrap's 6th Annual TheGrill.
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Maker Studios CEO Ynon Kreiz spoke onstage during Day 1 of TheGrill 2015.
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Maker Studios CEO Ynon Kreiz (left) spoke onstage with AwesomenessTV founder and CEO Brian Robbins (right) during Day 1 of TheGrill 2015.
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Brian Robbins, founder & CEO of AwesomenessTV, spoke onstage during the first day of TheWrap's 6th Annual TheGrill.
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REDEF CEO Jason Hirschhorn spoke onstage with TheWrap's editor in chief Sharon Waxman on Day 1 of TheGrill 2015.
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Edelman president of strategic partnerships and global integration Gail Becker presented results of new consumer study on Day 1 of TheGrill 2015.
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Edelman president of strategic partnerships and global integration Gail Becker presented results of new consumer study on Day 1 of TheGrill 2015.
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Robert Kyncl, chief business officer at YouTube, spoke about the platform's growth rate during Day 1 of TheWrap's 6th Annual TheGrill.
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Robert Kyncl, chief business officer at YouTube, spoke about the platform's growth rate during Day 1 of TheWrap's 6th Annual TheGrill.
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Jason Hirschhorn talked to Kyncl about YouTube's growth and challenges at the first day of TheWrap's 6th Annual TheGrill.
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Andrew Glasgow, SVP at Viacom Scratch, spoke about the declining attention span of Americans during the first day of TheWrap's 6th Annual TheGrill conference.
Also Read: TheGrill 2015: Viacom Scratch SVP Andrew Glasgow on Navigating Consumers’ Short Attention Spans
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Nancy Dubuc, president & CEO of A+E Networks, spoke about the disruption of cable TV during the first day of TheWrap's 6th Annual TheGrill.
Also Read: 1 Day to TheGrill! 6 Ways to Be a Boss Like A+E Networks CEO Nancy Dubuc
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Nancy Dubuc, president & CEO of A+E Networks, spoke about the disruption of cable TV during the first day of TheWrap's 6th Annual TheGrill.
Also Read: 1 Day to TheGrill! 6 Ways to Be a Boss Like A+E Networks CEO Nancy Dubuc
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Dawn Ostroff, president of Conde Nast Entertainment, attended the first day of TheWrap's 6th Annual TheGrill.Â
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Van Toffler attended the first day of TheWrap's 6th Annual TheGrill.
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From left to right: TheWrap's executive editor Joseph Kapsch, "So You Think You Can Dance" executive producer Nigel Lythgoe, Electus founder and chairman Ben Silverman, PactUS president David Lyle, and "Big Brother" executive producer  Allison Grodner.
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PactUS president David Lyle discussed the state of reality TV during Day 2 of TheGrill.
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"Big Brother" executive producer Allison Grodner discussed the state of reality TV during Day 2 of TheGrill.
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Nigel Lythgoe discussed the state of reality TV on Day 2 of TheGrill.
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Electus founder and chairman Ben Silverman talked the state of reality TV during Day 2 of TheGrill.
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CNBC reporter Julia Boorstin attended TheWrap's sixth annual TheGrill conference at The Montage Beverly Hills.
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Conde Nast Entertainment president Dawn Ostroff discussed content creation on Day 2 of TheGrill.
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Box founder and CEO Aaron Levie discussed content protection with TheWrap's editor in chief Sharon Waxman on Day 2 of TheGrill.
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Golden Globe nominee Maria Bello discusses her life and career during Day 2 of TheGrill
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Golden Globe nominee Maria Bello discusses her life and career during Day 2 of TheGrill
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From left to right: Movio co-founder and chief executive Will Palmer, Fandango president Paul Yanover, Skydance Media CCO Dana Goldberg, IMAX's head of international marketing Roger Pollock, Universal president of  worldwide marketing Josh Goldstine, and TheWrap's Deputy Managing Editor Thom Geier discussed the moviegoing experience on Day 2 of TheGrill.
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IMAX's head of international marketing Roger Pollock discussed the moviegoing experience on Day 2 of TheGrill.
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Fandango president Paul Yanover discussed the moviegoing experience on Day 2 of TheGrill.
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Skydance Media CCO Dana Goldberg discussed the moviegoing experience on Day 2 of TheGrill.
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Movio co-founder and chief executive Will Palmer discussed the moviegoing experience on Day 2 of TheGrill.
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Universal president of worldwide marketing Josh Goldstine discussed the moviegoing experience on Day 2 of TheGrill.
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Steven Amato, CEO & chief content officer of Contend and Sharon Waxman, founder & CEO of TheWrap spoke onstage during the "Drones and Hollywood" panel at TheWrap's 6th Annual TheGrill.
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Co-founder and chief executive of Movio Will Palmer held a discussion regarding "What Women Want: Unlocking Box Office Revenue" at TheWrap's 6th Annual TheGrill.
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Joseph Atkinson, U.S. Advisory Leader for the Entertainment, Media & Communications Practice at PwC, spoke onstage at TheWrap's 6th Annual TheGrill.
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Twitter and Uber investor Chris Sacca talks investing in the tech space during Day 2 of TheGrill
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Evolution Media Group founder and co-managing partner Rick Hess talks about financing media during Day 2 of TheGrill
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Former MTV president Van Toffler talks about his new company during Day 2 of TheGrill
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Lloyd Braun, Founder & CEO of Whalerock Industries during Day 2 of TheGrill
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Mark Terbeek, Partner at Greycroft, Jesse Jacobs, President of The Chernin Group and Brian Weinstein, Head of Corporate Finance Group of CAA during Day 2 of TheGrill
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Steven Haft, SVP Innovation of Time Inc., Sanjay Sharma, President & COO of All Def Digital, Christian Meinberger, SVP Content Programming & Production at Studio 71, and Tobias Bauckhage, CEO and co-founder of Moviepilot during Day 2 of TheGrill
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Steven Haft, SVP Innovation of Time Inc. and Adam Smith, Partner at United Entertainment Group during Day 2 of TheGrill
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Entertainment, media and technology converge at TheWrap’s sixth annual Grill Conference at the Montage Beverly Hills