EXHIBIT 21
SUBSIDIARIES
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%
NAME OF COMPANY OF
OWNERSHIP
BY TV
FILME, INC.
ITSA-Intercontinental Telecomunicacoes Ltda., a Brazilian limited
liability company 99*
Filme Sub, Inc., a Delaware corporation 100
TV Filme Servicos de Telecomunicacoes Ltda., a Brazilian limited
liability company 49**
TV Filme Brasilia de Telecomunicacoes Ltda., a Brazilian limited
liability company 99*
TV Filme Goiania de Telecomunicacoes Ltda., a Brazilian limited
liability company 99*
TV Filme Belem de Telecomunicacoes Ltda., a Brazilian limited
liability company 99*
TV Filme of Cayman, Ltd., a Cayman Island limited partnership ***
ITSA of Cayman, Ltd., a Cayman Island limited partnership ****
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* The remaining 1% interest is held by Filme, Sub, Inc.
** The remaining 51% is owned by TVTEL Ltda.
*** Owned 99% by TV Filme, Inc. and 1% by Filme Sub, Inc.
**** Owned 99% by ITSA-Intercontinental Telecomunicacoes Ltda. and 1% by TV
Filme Brasilia de Telecomunicacoes Ltda.