Globosat & Caracol TV Aiming to Launch a Stateside Spanish-Language Pay TV Channel

There will soon be another viewing option for Latinos in the United States…

Brazilian pay television outfit Globosat and Colombian network Caracol TV are aiming to become the latest players to enter the lucrative U.S. Hispanic market under a joint venture.

Globosat & Caracol TV

In a company statement, Colombia’s top broadcaster said it has signed a memorandum of understanding with Globosat to launch a stateside Spanish-language pay TV channel in 2015.

The letter was signed by Caracol TV president Gonzalo Cordoba and Globosat director general Alberto Pecegueiro.

The new channel will vie for a piece of the fast-growing Latino market led by Univision and NBC Universal’s Telemundo.

Best known for its telenovelas and drug-themed dramas like Sin Tetas No Hay Paraiso, Caracol produces 5,200 hours of content a year, including co-productions with Sony Pictures Television and Telemundo. Globosat, a division of media giant Globo, operates 34 pay TV channels in Brazil.

“It is natural for us at this point to take a closer look at the fastest growing U.S. sector, the Hispanic paid television market,” Pecegueiro said.

Programming details will be announced later.

“Q’VIVA!” Lopez’s Globetrotting Talent Show…

It’s “the biggest thing” she’s been involved with yet… And, Jennifer Lopez’s Latin talent competition show with Marc Anthony is only getting bigger…

Described as an effort “to create the ultimate live show celebrating Latin music, artistry and dance,” “¡Q’VIVA! THE CHOSEN” is scheduled to air in 21 countries in North America, Central America and South America.

The show, which will be filmed in English, Spanish and Portuguese, is being produced in partnership with “American Idol creator and XIX Entertainment CEO and founder Simon Fuller.

“Very soon the world’s heart will beat to the tune of Latin rhythms and we’re looking forward to experiencing history in the making,” said Anthony and Lopez in a joint statement. “It is with great pride that we embark on this amazing and very personal mission to discover and celebrate the most captivating talent the world has ever seen.”

In the United States, Univision will broadcast one-hour weekly episodes of “¡Q’VIVA!” in Spanish. The show’s English language partner is expected to be announced soon.

Meanwhile, Televisa and Caracol TV will air the Spanish version of the Latin talent series Mexico and Colombia, respectively.

“We are bringing together all the most powerful brands and networks throughout the Americas to broadcast ‘¡Q’VIVA! THE CHOSEN’ in a unique collaboration where each country will programme the show simultaneously,” says Fuller. It will be a powerful statement confirming the growing importance of Latin culture.”

“Q’VIVA!” could his the airwaves as early as the first quarter of 2012.