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Spanish-language media titan Televisa has pacted with social networking site Hi5 for distribution of videos from Televisa�s vast library.

Despite lagging behind Facebook and MySpace Stateside, Hi5 claims some 63% of the Spanish-speaking social networking market, with 33 million unique users, in a region where Internet use has risen 17% in the last year alone. Some 16.3% of Hi5�s users are from Mexico, according to online tracker Alexa.

Despite a Jan. 22 out-of-court settlement clearing most of the air between Televisa and U.S. net Univision, the issue of online distribution Stateside is still unclear. A Tuesday court date has been set to settle the issue.

Televisa�s 500,000 hours of programming include its hit telenovelas as well as films. It will continue to release programming through its own Esmas.com and TVolucion.com, which it launched last fall.