Univision, which has been under new ownership since the end of 2020, has teamed with stakeholder Grupo Televisa to create a new global Spanish-language media giant. The pact provided Univision access to inexpensive shows from Mexico, giving the company little incentive to create its own scripted programming. Adems, Televisa cuenta con una participacin que representa aproximadamente el 36% sobre una base de dilucin del capital de Univision Holdings, Inc., la compaa controladora de Univision. Univision is acquiring Televisa in a $4.8 billion merger deal that will create a massive new Spanish-language media company. By Colin Mann. margin: 0 45px; Televisa continuar aprovechando el potencial de considerable crecimiento de la Compaa pues seguir siendo el mayor accionista de Televisa-Univision, con una participacin de aproximadamente 45%. Pillsbury Winthrop Shaw Pittman LLP se desempe como asesor legal de The Raine Group. Estos medios constituyen el lder indiscutido del mercado en Mxico. ANEEL e a Descentralizao. ForgeLights investors include a blue-chip group of leading institutional investors and strategic partners. This creates a powerful margin profile unlike any other media company, including run-rate synergies, EBITDA margin is expected to be close to 45%. 2023 The Hollywood Reporter, LLC. Our daily ratings and market update email newsletter. NUEVA YORK, MIAMI Y CIUDAD DE MXICO 13 de abril de 2021 Grupo Televisa, S.A.B. Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve.. In addition, the TelevisaUnivision transformation also included the development of a massive pipeline of original content for the upcoming global streaming launch, investing in new advertising products in both markets, revamping the programming strategy and executing new distribution partnerships, as well as launching the PrendeTV AVoD service in the US, which has served as a powerful pilot for the upcoming streaming launch. Para ms informacin, visiten www.raine.com. Univision Network will continue to exist, owned by Televisa-Univision. Televisa and Univision have closed their landmark transaction, a long-awaited merger deal that will now create a Spanish-language media and content powerhouse that will reach 100 million. The Spanish-language market, which represents around 600 million people globally, and an aggregate GDP of about $7 trillion, is significantly underserved from a streaming perspective relative to other major markets. Univision recently launched a streaming service, PrendeTV. The composition of our new investor group reflects confidence in our strategy, the progress of our digital transformation and the magnitude of the opportunity ahead of us.". Export data to Excel for your own analysis. We are confident that this strategic transaction will maximize the potential of our Content segment, while allowing us to strengthen our balance sheet and focus on growth opportunities at our Telecom business.. This combination will create a business without comparison in the global media landscape. Do Not Sell or Share My Personal Information, investor group that purchased Univision late last year, Spanish-language media giant Univision sold as challenges loom. New investors in the company include the SoftBank Latin America Fund, Google and The Raine Group. Pillsbury Winthrop Shaw Pittman LLP se desempea como asesor en regulacin. }. FCC approves Televisa increased stake in Univision, Analysis: SVoDs drive $220bn content spend. These efforts uniquely position TelevisaUnivision to begin executing immediately on a combined strategy and capture the tremendous opportunity presented by the global Spanish-speaking population of nearly 600 million, which represents an aggregate GDP of approximately $7 trillion. The companies have strategically assembled a senior management team of world-class leaders for the global operation, combining great professionals from Televisa and Univision, as well as bringing in top talent from leading media and technology companies. Less than 10% of the Spanish speaking population currently use an OTT video product, compared with the English language market where nearly 70% of the population has at least one streaming service. Theres a new Spanish-language TV juggernaut, and its name is TelevisaUnivision. Why Netflix is dabbling in livestreaming, How strong is Dominions defamation case against Fox News? Univision is acquiring Televisas content assets for $4.8 billion. Univision was the only company to deliver both fourth quarter and full year ratings growth while the majority of the industry saw ratings declines in the double digits. Univision and Televisa have been partners on and off for decades. We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. Televisa will also contribute its four free-to-air channels, 27 pay-TV networks channels and stations, its Videocine movie studio and Blim TV subscription video on demand (SVOD) service, and the Televisa trademark. This press release contains forward-looking statements based on the current expectations of ForgeLight LLC, Grupo Televisa, S.A.B., The Raine Group LLC, SoftBank Group Corp. and Univision Holdings, Inc. Katz January 31, 2022 Univision and Mexico's Televisatwo of the biggest Spanish-language. Televisas content assets will be contributed for approximately $4.8 billion. These media assets comprise the definitive market leader in Mexico. Creative partnerships with Eugenio Derbez, Selena Gomez, Maria Dueas, Mario Vargas Llosa and Santiago Limn were among the first announced and will fuel what the partners say will be a truly compelling and first-of-its-kind offering. La produccin del contenido noticioso para Mxico se subcontratar de una empresa propiedad de la familia Azcrraga para garantizar que este contine en manos mexicanas y se produzca en Mxico. Univision will contribute its namesake U.S. network and U.S. assets like UniMs, nine Spanish-language cable networks, and 61 television stations and 58 radio stations. By combining the assets that the respective companies have the rights profile, the libraries and the [intellectual property] in the two largest Spanish-speaking markets in the world you really have something incredibly special, Davis said. View which stocks are hot on social media with MarketBeat's trending stocks report. The companys prominent digital assets include Univision.com, free AVOD streaming service PrendeTV, Univision Now, the largest Hispanic influencer network and several top-rated apps. Actual future events or results could differ materially from these statements, for reasons including but not limited to: economic and political developments and conditions; uncertainty in global financial markets; the impact of the COVID-19 pandemic; changes in inflation rates; changes in interest rates; the impact of existing laws and regulations, changes thereto or the imposition of new laws and regulations affecting our businesses, activities and investments; changes in customer demand; and effects of competition. Univision, Televisa complete merger. Looking at the overall market, there has never been a truly global Spanish-language media company, Davis said in an interview. At the same time, it reinforces the strength of the traditional media assets of both companies.. Copyright 2001-2023. If you continue to use this site we will assume that you are happy with it. We use cookies to ensure that we give you the best experience on our website. Those assets will merge withUnivisions holdings, which include Univision and UniMs broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and digital properties, including its recently launched AVOD streaming service, PrendeTV. Televisa will use the proceeds received from Univision primarily to pay down debt, while continuing to pursue growth opportunities and strengthen its leading position through ongoing investments at its core businesses. Should you invest $1,000 in TWO right now? Cleary Gottlieb Steen & Hamilton LLP served as legal counsel to the SoftBank Latin America Fund. color:rgb(46,179,178); The power and momentum of the transformed core business is truly unique and will be a springboard for the upcoming launch of the preeminent Spanish-language streaming service. News content production for Mexico will be outsourced from a company owned by The Azcrraga family to guarantee that news content remains in Mexican hands and is produced in Mexico. Como resultado de la considerable aportacin de capital y mayor rentabilidad de la Compaa, se tiene previsto que la tasa neta de endeudamiento de Televisa-Univision disminuya ms de 2.0x a aproximadamente 5.0x, lo que toma en cuenta la sinergia proyectada de ingresos y costos de $200 millones a $300 millones. Wade Davis, the CEO of Univision, who will head the combined company, said the merger is about becoming a force in Spanish-language. As the leading Spanish-language content and media company in the U.S., Univision Communications Inc. entertains, informs and empowers U.S. Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms. Together, TelevisaUnivision owns the largest library of Spanish-language content and intellectual property in the world, and the most prolific long-form Spanish-language content engine in the industry. Esta combinacin transformadora une la ms destacada cadena al servicio de las audiencias hispanohablantes en Estados Unidos con la principal plataforma de medios en Mxico, propulsada por el ms potente creador de contenido en espaol del mundo, dijo Wade Davis, director general de Univision. A conference call to discuss the combination will be held tomorrow, April 14, 2021 at 9:00 a.m. CDT / 10:00 a.m. EDT. TelevisaUnivision will produce and deliver premium content for its own platforms and for others, while also providing solutions for advertisers and distributors globally. Televisa-Univision retendr todos los activos, la propiedad intelectual y la videoteca relacionada a la divisin de Noticias de Televisa. To Read the Full Story Become an Adweek+ Subscriber. La firma tiene oficinas en Nueva York, San Francisco, Los ngeles, Londres, Shanghi y Mumbai. Me gustara agradecer al presidente del consejo, Emilio Azcrraga, por su confianza en nosotros para, como socios, continuar propiciando el crecimiento de la fabulosa empresa que l y su familia han desarrollado. Televisa tambin tiene intereses en la publicacin y distribucin de revistas, deportes profesionales, entretenimiento en vivo, produccin y distribucin de pelculas, y juegos y sorteos. Under the terms of the agreement, Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of. Univisions West Coast offices, off the San Diego Freeway in Los Angeles. Para mayor informacin, visiten corporate.univision.com/newco. The companys top-rated media portfolio includes the Univision and UniMs broadcast networks, as well as 10 cable networks including Galavisin and TUDN, the No. Categories: Advertising, Articles, Broadcast, Business, Content, DTH/Satellite, FTA, M&A, Pay TV, Premium, Production, VOD, Tags: prendeTV, Televisa, TelevisaUnivision, univision, Creative Media CentreHastingsEast SussexTN34 1HLTel: +44 7900 196870. Andrea Navarro. margin-top: 10px; margin-bottom: 20px; ForgeLight opera directamente o presta apoyo operativo especial a sus compaas. Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide, says Davis, who has been bullish about Univision since before taking over the company last year. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to The Raine Group. The new company will be called Televisa-Univision. They will merge their media, content and production assets into a new company, Televisa-Univision, in a $4.8 billion deal, the companies said today. Over the past year both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years. Televisa posee una participacin mayoritaria en Sky, un sistema lder de televisin de paga directa al hogar va satlite y proveedor de banda ancha que opera en Mxico, la Repblica Dominicana y Centroamrica. Menos de 10% de los hispanohablantes actualmente usan un producto de video primero en internet (over the top u OTT), mientras que en el mercado en ingls, casi 70% de la poblacin tiene por lo menos un servicio de streaming. Under the terms of the deal, Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of 5.5%. A nivel local, Univision es propietaria u opera 61 estaciones de televisin en los principales mercados hispanos en Estados Unidos. The historic merger represents a dramatic retrenchment for media scion Emilio Azcrraga Jean, whose family has long been among Mexico's powerbrokers because of its ownership of Televisa and its. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Televisa-Univision will retain all assets, IP and library related to Televisas News division. 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Participants include: Televisa Co-CEO Alfonso de Angoitia and Univision CEO Wade Davis. The Company will further benefit from Univisions market-leading assets in the United States which includes the Univision and UniMs broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and prominent digital assets including its recently launched AVOD streaming service, PrendeTV. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. In Mexico, Televisa has struggled to adapt to the streaming era and has lost some of its audience to Netflix. The transaction is expected to close in 2021, subject to customary closing conditions, including receipt of regulatory approvals in the United States and Mexico, and Televisa shareholder approval. As a result of the significant equity infusion and enhanced profitability of the Company, Televisa-Univisions net debt leverage ratio is expected to decline by over 2.0x to approximately 5.0x, when accounting for run-rate revenue and cost synergies of $200 to $300 million. The Board of Directors of both Televisa and Univision have already approved the combination. Throughout the week, Televisas audiences were 91 per cent higher than those of the second largest broadcaster, while audiences at its flagship network, Las Estrellas, were 154 per cent higher than those of its closest competitor. Los activos de contenido de Televisa se aportarn a cambio de aproximadamente $4.8 mil millones. Audincia Pblica Apresentao Convnio ANEEL - AGEEL. Opinions expressed by Forbes Contributors are their own. Univision and Televisa have come to terms on a merger agreement, a long-awaited deal that will create a Spanish-language TV giant with broad reach in Mexico and the U.S. 1 Spanish-language sports network in the country. It's a done deal. La combinacin une a dos destacadas empresas de medios en los dos mayores mercados hispanohablantes del mundo: Univision en Estados Unidos, el mercado de medios hispanohablante de mayor valor en el mundo, y Televisa en Mxico, el mercado con ms hispanohablantes del mundo. The merger facilitates an effective move to streaming by combining content, production facilities, substantive operational cost savings and owned distribution outlets in the two largest Spanish-speaking markets in the world, media consultant Julio Rumbaut said. Create its own platforms and for others, while also providing solutions for and. 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