Subsequent Events	3 Months Ended
Mar. 31, 2022
Subsequent Events
Subsequent Events	Note 14. Subsequent Events On May 9, 2022, the Company entered into a definitive agreement to be acquired for $7.00 per share in cash by a subsidiary of Gato Investments LP (“Gato”), a portfolio investment of Searchlight Capital Partners, L.P. Upon completion of the transaction, Hemisphere will become a private company wholly owned by Gato. Concurrently, on May 9, 2022, the Company entered into an agreement to sell Pantaya, its Spanish language streaming platform, to TelevisaUnivision in exchange for $115 million in cash plus a promissory note in the amount of $10 million (the “Promissory Note”), subject to certain adjustments. In addition, on May 9, 2022, the Company entered into an agreement to purchase a subsidiary of TelevisaUnivision that holds certain Puerto Rican radio stations for $10 million in cash, subject to certain adjustments (the parties have agreed that the Promissory Note will be set off in full satisfaction of the purchase price payable at the closing of the radio transaction). Each transaction is subject to customary closing conditions, including the Gato transaction being subject the completion of the Pantaya transaction, and each transaction is expected to close in the third quarter of 2022. The gain or loss on the transaction cannot be quantified at this time until the estimated fair value of all transaction components can be determined.

Subsequent Events

3 Months Ended

Mar. 31, 2022

Note 14. Subsequent Events

On May 9, 2022, the Company entered into a definitive agreement to be acquired for $7.00 per share in cash by a subsidiary of Gato Investments LP (“Gato”), a portfolio investment of Searchlight Capital Partners, L.P. Upon completion of the transaction, Hemisphere will become a private company wholly owned by Gato. Concurrently, on May 9, 2022, the Company entered into an agreement to sell Pantaya, its Spanish language streaming platform, to TelevisaUnivision in exchange for $115 million in cash plus a promissory note in the amount of $10 million (the “Promissory Note”), subject to certain adjustments. In addition, on May 9, 2022, the Company entered into an agreement to purchase a subsidiary of TelevisaUnivision that holds certain Puerto Rican radio stations for $10 million in cash, subject to certain adjustments (the parties have agreed that the Promissory Note will be set off in full satisfaction of the purchase price payable at the closing of the radio transaction). Each transaction is subject to customary closing conditions, including the Gato transaction being subject the completion of the Pantaya transaction, and each transaction is expected to close in the third quarter of 2022. The gain or loss on the transaction cannot be quantified at this time until the estimated fair value of all transaction components can be determined.