PRESS RELEASE - NuvoTV receives a $40 million investment
LOS ANGELES, CALIF (August 28, 2012) – NuvoTV (www.mynuvotv.com), the English-language cable network for bi-cultural Latinos in the U.S., today announced a $40 million financing that will be used to expand a diverse roster of groundbreaking, original programming, Created more than eight years ago as the first Englishlanguage television network for American Latinos, nuvoTV currently reaches more than 30 million homes with
popular, culturally-relevant and compelling content across diverse genres, including comedy, reality, music, movies, lifestyle and talk.
The funding comes from current investors, including Columbia Capital and Rho Capital Partners, as well as new financial partners Veronis Suhler Stevenson and Tennenbaum Capital Partners. The new funds will be used to expand the development of new, high-quality, original entertainment programming that showcases the modern
spirit and lifestyle of today's American Latino.
This summer, nuvoTV debuted “Fight Factory,” a one-hour docu-series taking a look inside the world of top Latino MMA fighters and featuring well-known champ, Cain Velasquez, and his coach and kickboxing legend,Javier Mendez. And recently, the network produced and aired “We Decide: Latinos and the 2012 Election,” which explored how this year’s presidential candidates are addressing crucial issues facing America’s Latinos.
The town hall-style program, hosted by Natalie Morales, news anchor of the “TODAY Show,” was a first-of-itskind partnership between nuvoTV and NBC News’ Peacock Productions. In the fall, the network is premiering three more new programs, “Mario Lopez One-on-One,” “The 7 of Clubs” and “Curvy Girls.” Each show leverages
the creative vision of nuvoTV’s talented, bi-cultural programming team to develop unique entertainment experiences that reflect the lifestyle and preferences of the network’s much sought-after American Latino audience.
“From our inception in 2004, NuvoTV has been dedicated to providing top-quality English-language entertainment targeting bi-cultural Latinos in the U.S. with contemporary, non-stereotypical formats and stories,” said Michael Schwimmer, nuvoTV CEO. “Our most recent financing is evidence of our success to date and our commitment to deliver unique and compelling original programming for our viewers.”
NuvoTV is an independent network. Additional details on this financing round were not disclosed.