Very soon in the US: Cuban television – Marti News

A group of influential negotiators Wall Street is betting that the appetite has been awakened them so Cuban Americans, and has signed an agreement with the government of Cuba to create the CubaNetwork channel, to be presented in USA . TV materials (state) of the island, including music, sports and even some propaganda, reports the business division of the media chain Fox .

The distribution agreement with Cuban officials was signed in October, after a year of negotiations, he revealed Keith Bass, chief executive of the channel, which he described as “the first public-private partnership between Cuba and US company.”.

“We have exclusive rights to the bulk of the programming of television and the media of Cuba,” said Bass, noting that although the company officially filed in Hollywood, plan to open offices in Havana.

That possibility, as engaging in joint ventures with the Cuban government in certain fields such as telecommunications, were authorized after the last update regulations Cuba given to released in September by the Departments of Commerce and Treasury, to implement the new Cuban policy of President Barack Obama.

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Investors plan to disseminate content of the Cuban state media in both Spanish and English. According to internal company documents cited by Fox, these include “… television documentaries, music and musical programs, cultural contents, live sports and sports-themed documentaries, films and plays.”

Bass declined to give details about the deal, but said the investor group led by banker and financial restructuring specialist Michael Kramer, paid a huge sum in dollars for programming rights.

executive Revealed which it has already met with leaders of the main operators of cable and satellite television US to develop distribution agreements that, if all goes as planned, the schedule to be available in April 2016. The income distribution will be shared with the Cuban government and account for most of the dividends of the network.

“The new relationship will allow us to even pay television producers in Cuba to generate new content,” he added. “We do not need approval from the US government.”

Bass said that CubaNetwork be a subsidiary of Caribbean Broadcasting Network, which distributes programming in Spanish and English in Puerto Rico and the US Virgin Islands.