Threv said:
Not just CA but FL TX AZ NM NYC and Chicago. The latin market is huge (bigger than any other minority), why do you think GE bought a majority stake in Telemundo?? And you can't get them to watch unless you add a few Spanish Channels. Esp in Miami we latinos are picking up HDTV's at Brandsmart and Best Buy like they are going out of style.
BTW Illegal or not if they buy a sub they are paying into the system For business purposes their legal status is irrelavent.
(I'm 1st gen Cuban American BTW)
Just to clarify even more...
There are now 39.9 million Hispanics living in the
United States, which accounts for 13.7% of the
population
• One in every seven Americans is of Hispanic origin
• By 2010, nearly one person out of every six living in
the U.S. will be of Hispanic origin
•
Hispanic Americans have become the biggest minority
in the nation
Source: The U.S. Census, updated as of July 2004
Why Are Hispanics Valuable
Consumers?
Hispanics have an estimated buying power of
$686 billion as of 2004.
• California alone has a Hispanic buying power of
$198.5 billion
• Texas follows, with $119.3 billion
• Florida has $63.7 billion
• New York has $56.6 billion
• Illinois finishes out the top five markets, with $31.3
billion in Hispanic buying power
Source: The Selig Center for Economic Growth, Terry College of Business,
The University of Georgia, May 2004
Hispanic Buying Power
Growth 1990-2009
• Between 1990 and 2009, Hispanic buying power is
growing at an annual compound rate of 8.2 percent
• This is almost double the non-Hispanic buying power
growth rate of 4.9 percent
• Projected Hispanic buying power by 2008 will be
$923 billion
• By 2009, Hispanics will account for nine percent of all
U.S. buying power, up from 5.2 percent in1990
Source: The Selig Center for Economic Growth, Terry College of Business,
The University of Georgia, May 2004
It's a great thing that Voom has finally started to add content for these loyal consumers...!!! Granted these alone won't push the needle to far but it's a start. I for one am thrilled that they have added CNN and ESPN Deportes...these plus OTA Univision and Telemundo (owned by NBC) is what they need to grab more subs.
Good going Voom...!!!
BTW thanks Voom4ME for your comments...yep we posted about this before!!!