Televisa, hi5 Team for Web TV Play

Televisa’s online division and the social networking site hi5 have partnered to launch a Spanish-language video channel that aims to reach millions of Internet users throughout Latin America.

Under a commercial and distribution agreement announced Wednesday, the cost-free online channel will carry short- and full-length videos from the Televisa library, including the network’s popular soaps, dramatic series and news programs. Financial details of the deal were not disclosed.

Set to bow in the summer, the service will reach hi5 users across Latin America.

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