Hispanic Television Network, Inc. announced that it has signed a 10-year distribution contract with Time Warner Cable that clears the way for the multi-system operator's (MSO) 12.6 million subscribers to receive HTVN.
The agreement enables the on-air network dedicated to the United State's 35 million Hispanics to pursue distribution arrangements with individual Time Warner cable systems around the country. Programming includes both HTVN on air broadcast feed and Cablin, HTVN's affiliated Children's Programming.
Michael Fletcher, chief operating officer for HTVN commented about the agreement, "HTVN is excited about this opportunity. This is an important step for serving U.S. Hispanics with culturally relative programming. HTVN is focused on the Mexican and the Mexican-American viewer and Time Warner Cable is demonstrating its commitment to diversity in entertainment and selection for its Hispanic audience."
The agreement, which has been in the works for six months, not only brings distribution to the fast growing network, but also revenue through a fee structure that will net subscriber fees to HTVN as the network launches on each system.
This announcement comes after the recent announcement of a strategic Investment from C-Networks. The relationship with C-Networks provides HTVN with the ability to accelerate and expand the company's business model in the US and Latin America. The relationship also allows HTVN to pursue new major growth opportunities.