December 12, 2024
Madrid, December, 12, 2024. –. Hispasat, the Spanish satelliteservice provider, and SoFast, a leader in the FAST TV industry, are thrilled to announce a strategic partnership to distribute FAST (Free Ad-supported Streaming TV) channels toHispasat's affiliate clients across Latin America.
Hispasat introduced in 2023 Wave OTT+, a white-label OTT platform for premier affiliates in Latin America, including telecom operators, cable TV providers, and ISPs. SoFast has been selected as Hispasat´s strategic partner to supply the FAST content layer with an initial lineup of 24 channels through this platform. These channels will be offered to Hispasat customers who seek to launch ad-supported services in addition to their current offering.
Through this alliance, Hispasat improves its OTT TV offering with new FAST services featuring an integrated model that combines technical infrastructure, content, and monetization, delivering a high-quality digital entertainment experience for users across the region.
Mr. Jorge Rodríguez, Hispasat’s Head of Product and Marketing, stated: “We are very excited to work with SoFast in this long-term strategic partnership to empower our Wave OTT+ service with a new content offering. FAST channels open new ways to enrich the TV experience, on top of our current service based in best-in-class international and local content, all of it provided through a cutting-edge technology solution.”
Yanai Arfi, CEO of SoFast, added: “This partnership with Hispasat marks a significant milestone in our mission to support content creators and distributors worldwide. Our collaboration with Hispasat provides a powerful end-to-end solution for their OTT platform, delivering a curated selection of high-quality FAST channels to Latin America and enabling affiliates to meet the rising demand for ad-supported free streaming. We are excited to see the value this strategic partnership will bring to all parties involved.”
About Hispasat
Redeia’s satellite operator Hispasat is the main driver of innovation in the Spanish aerospace sector and is committed to helping citizens overcome the digital divide and promoting sustainable development of society. It is the main communications bridge between Europe and America as a provider of broadband and connectivity services through its companies in Spain and Latin America. In addition, it leads the dissemination and distribution of audiovisual content in Spanish and Portuguese, including the transmission of digital platforms for Direct Home Television (DTH) and High Definition Television (TVAD). These activities make it one of the world's leading companies by revenue in its sector.
Press contact:
Víctor Inchausti +34 667 31 29 48 vinchausti@hispasat.com
About SoFast
Based in Miami, Florida, SoFast is a leading player in the FAST TV industry, with a unique innovation in channel distribution. SoFast offers an end-to-end solution for rights holders with FAST TV projects, supporting them from channel creation to playout, distribution, and monetization. In a short time, SoFast has achieved a strong foothold with more than 750 channels distributed and monetized on over 180 platforms worldwide. SoFast has also diversified its offerings to include Premium and TV Games channels.
