<PAGE>

                                                                  Exhibit 10.33


                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT ("Agreement") is made and entered
into as of the _____ day of _______________________, 2001 by and between (i)
Hispanic Television Networks, Inc., a Delaware corporation (the "Company"),
and (ii) the person whose signature appears below under the caption
"STOCKHOLDER" ("Stockholder").

                                    RECITALS:

         WHEREAS, Stockholder owns the number of shares (the "Registrable
Shares") of the Company's Common Stock, par value $.01 per share (the "Common
Stock") set forth beneath the undersigned's signature below; and

         WHEREAS, the Company agreed to grant certain registration rights to
Stockholder;

                                   AGREEMENTS:

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter set forth and for other good and valuable
consideration, the receipt, adequacy and sufficiency of which are hereby
acknowledged by each of the Company and Stockholder, each of the Company and
Stockholder hereby agrees as follows:

         (a) If at any time after the date hereof the Company proposes to
register any Common Stock under the Securities Act of 1933, as amended (the
"Act"), for sale to the public for cash, the Company shall give written
notice to Stockholder of its intention so to do at least 20 days prior to
filing the related registration statement (the "Registration Statement").
Upon the written request of Stockholder, given within 10 days after receipt
of any such notice, to register any Registrable Shares, the Company shall use
its best efforts to cause all Registrable Shares, asto which registration
shall have been so requested, to be included in the securities to be covered
by the Registration Statement, all to the extent requisite to permit the sale
or other disposition by Stockholder of the Registrable Shares requested to
beso registered; provided, however, that:

                  (i) If, at any time after giving such written notice of its
         intention to register any securities and prior to the effective date of
         the Registration Statement, the Company shall determine for any reason
         not to register such securities, the Company may, at its election, give
         written notice of such determination to Stockholder, and thereupon the
         Company shall be relieved of its obligation to register any Registrable
         Shares in connection with such registration;

                  (ii) If such registration involves an underwritten offering,
         Stockholder must sell its Registrable Shares to the underwriters
         selected by the Company on the same terms and conditions as apply to
         the Company (except as otherwise agreed to by the Company in writing);
         and

                  (iii) The Company shall be obligated to keep the Registration
         Statement effective only for six months after its initial effective
         date.

The number of Registrable Shares to be included in an underwritten offering
may be reduced, pro rata among all the Company's stockholders selling shares
in the offering, in a ratio equal to the

<PAGE>

respective amounts of shares proposed to be sold by such stockholders, if and
to the extent that the managing underwriter shall advise Stockholder and the
Company by letter of its belief that the number of securities requested to be
registered exceeds the number that can be sold in (or during the term of)
such offering without adversely affecting the marketing of the securities to
be sold by the Company.

         (b) In connection with the registration provided for hereunder,
Stockholder shall use reasonable efforts to cooperate with the Company and
shall furnish to the Company in writing such information with respect to it
and its proposed distribution as shall be reasonably necessary in order to
assure compliance with federal and applicable state securities laws.

         (c) The Company shall pay all expenses incurred by the Company in
complying with its registration obligations pursuant to this Agreement,
including, without limitation, all registration, qualification, and filing
fees, blue sky fees and expenses, printing expenses, fees and disbursements
of counsel and independent public accountants for the Company, all expenses
of the underwriter customarily paidby issuers or sellers of securities
(including fees of the National Association of Securities Dealers, Inc.),
transfer taxes, escrow fees, fees of transfer agents and registrars, and
costs of insurance. Stockholder shall pay all underwriting discounts and
selling commissions applicable to the sale of the Registrable Shares being
registered.

         (d) (i) The Company shall protect, indemnify and hold Stockholder,
and its officers, directors, stockholders, attorneys, accountants, employees,
affiliates, successors and assigns, harmless from any and all demands,
claims, actions, causes of actions, lawsuits, proceedings, investigations,
judgments, losses, damages, injuries, liabilities, obligations, expenses and
costs (including costs of litigation and attorneys' fees), arising out of or
based upon (aa) any untrue statement or alleged untrue statement of any
material fact contained in or incorporated by reference into the Registration
Statement, any preliminary prospectus or final prospectus contained therein,
or any amendment or supplement thereto, (bb) the omission or alleged omission
to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading, or (cc) any material violation
by the Company of any rule or regulation promulgated under Act applicable to
the Company and relating to action or inaction by the Company in connection
with any such registration; provided, however, that the Company shall not be
liable in the case of (aa) and (bb) above if and tothe extent that the event
otherwise giving rise to indemnification arises out of or is based upon an
untrue statement or alleged untrue statement or omission or alleged omission
made in conformity with information furnished by a person otherwise
entitledto indemnification in writing specifically for use in the
Registration Statement or prospectus or information contained in a writing
that has been expressly approved or deemed approved by a person otherwise
entitled to indemnification.

                  (ii) Stockholder shall protect, indemnify and hold the
Company and its officers, directors, stockholders, attorneys, accountants,
employees, affiliates, successors and assigns, harmless from any and all
demands, claims, actions, causes of actions, lawsuits, proceedings,
investigations, judgments, losses, damages, injuries, liabilities,
obligations, expenses and costs (including costs of litigation and attorneys'
fees), arising out of or based upon (aa) any untrue statement or alleged
untrue statement of any material fact contained in or incorporated by
reference into the Registration Statement, any preliminary prospectus or
final prospectus contained therein, or

                                       2
<PAGE>

any amendment or supplement thereto, (bb) the omission or alleged omission to
state therein a materialfact required to be stated therein or necessary to
make the statements therein not misleading, or (cc) any material violation by
Stockholder of any rule or regulation promulgated under the Act applicable to
Stockholder and relating to action or inaction byStockholder in connection
with any such registration; provided, however, that Stockholder shall be
liable in the case of (aa) and (bb) above only if and to the extent that the
event giving rise to indemnification arises out of or is based upon an untrue
statement or alleged untrue statement or omission or alleged omission made in
conformity with information furnished by Stockholder in writing specifically
for use in the Registration Statement or prospectus or information contained
in a writing that has been expressly approved or deemed approved by
Stockholder.

                  (iii) Promptly after receipt by an indemnified party under
this Section (d) of notice of the threat or commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against
an indemnifying party hereunder, notify each such indemnifying party in
writing thereof, but the omission so to notify an indemnifying party shall
not relieve it from any liability which itmay have to any indemnified party
to theextent that the indemnifying party is not prejudice as a result
thereof. In case any such action shall be brought against any indemnified
party and it shall notify an indemnifying party of the commencement thereof,
the indemnifying party shall be entitled to participate in and, to the extent
it shall wish, to assume and undertake the defense thereof with counsel
reasonably satisfactory to such indemnified party, and, after notice from the
indemnifying party to such indemnified party of its election so toassume and
undertake the defense thereof, the indemnifying party shall not be liable to
such indemnified party under this Section (d) for any legal expenses
subsequently incurred by such indemnified party in connection with the
defense thereof other than reasonable costs of investigation and of liaison
with counsel so elected; provided, however, that, if the defendants in any
such action include both an indemnified party and an indemnifying party and
the related indemnified party shall have reasonably concluded that there may
be reasonable defenses available to it which are different from or additional
to those available to the indemnifying party or if the interests of the
indemnified party reasonably may be believed to conflict with the interests
of the indemnifying party, the indemnified party shall have the right to
select separate counsel and to assume such legal defenses and otherwise to
participate in the defense of such action, with the expenses and fees of such
separate counsel and other expenses related to such participation to be
reimbursed by the indemnifying party as incurred. No indemnifying party shall
be subject to any liability for any settlement made without consent which
shall not be unreasonably withheld. No indemnifying party shall consent to
the entry of any judgment or enter into any settlement which does not include
as an unconditional term thereof the giving by the claimant or plaintiff to
such indemnified party of a release from all liability with respect to such
claim or litigation.

         (e) THIS AGREEMENT HAS BEEN ENTERED INTO IN THE STATE OF TEXAS AND
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF TEXAS. Any notice or request herein required or permitted to be given to
any party hereunder shall be given in writing and shall be personally
delivered or sent to such party by prepaid mail at the address set forth
below the signature of such party hereto or at such other address as such
party may designate by written communication to the other party to
thisAgreement. Each notice given in accordance with this paragraph shall be
deemed to have been given, if personally delivered, on the date personally
delivered, or, if mailed, on the third day

                                       3
<PAGE>

following the day on which it is deposited in the United Statesmail,
certified or registered mail, return receipt requested, with postage prepaid.
This Agreement embodies the entire agreement and understanding between the
parties hereto with respect to the subject matter hereof and supersede all
prior agreements and understandings, whether written or oral, relating to the
subject matter hereof. This Agreement may not be amended, supplemented,
waived, or terminated except by written instrument executed by the Company
and Stockholder. No waiver of any provision of this Agreement shall
constitute a waiver of any other provision of this Agreement, nor shall such
waiver constitute a waiver of any subsequent breach of such provision. This
Agreement shall be binding upon and shall inure to the benefit of each party
heretoand his or its respective successors, heirs, assigns, and legal
representatives, but neither this Agreement nor any rights hereunder may be
assigned by any party hereto without the consent in writing of the other
party.

         (f) Each of the undersigned hereby certifies and acknowledges that
the undersigned has signed and executed the foregoing agreement with multiple
original signature pages at separate locations to be effective immediately
upon signing and that the transmission of a telecopier facsimile oftheir
respective signatures, each to the other, shall be sufficient to cause the
mutual delivery of this executed agreement in order to bind the parties and
make the agreement effective upon the date of signing. It is further
certified, acknowledged andagreed that the original signature pages are to be
circulated hereafter but that the failure of any party to obtain the original
signature pages hereafter shall not affect the validity and effectiveness of
this agreement which is effective from and after the execution by all parties
and the transmission by telecopier facsimile of the signature of all parties,
each to the other.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]






                                       4
<PAGE>

         IN WITNESS WHEREOF, the undersigned have set their hands hereunto as of
the first date written above.

"COMPANY"

HISPANIC TELEVISION NETWORKS, INC.


By
   ---------------------------------

Name:
     -------------------------------

Title:
      ------------------------------

Address:
        ----------------------------

------------------------------------

"STOCKHOLDER"

SIGNATURE BLOCK FOR                         SIGNATURE BLOCK FOR AN ENTITY
AN INDIVIDUAL

                                            ------------------------------------
                                                    (Name of Entity)

                                            By:
------------------------------------           ---------------------------------

Name:                                       Name:
     -------------------------------             -------------------------------

Number of Shares:                           Title:
                 -------------------              ------------------------------

                                            Number of Shares:
------------------------------------                         -------------------
         Additional Signature
          (if held jointly)

                                       5