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New York and Mexico City, February 1, 2022 /PRNewswire/—— Television Group, SAB ((“, Televisa”, , NYSE:television, BMW:Trevisa) and Univision Holdings II, Inc. (Together with its wholly-owned subsidiaries, Univision Communications, “Univision”) today announced the closing of the transaction between Televisa’s media content and production assets and Univision. The new company, called TelevisaUnivision, Inc. (the “Company” or “TelevisaUnivision”), creates the world’s leading Spanish-language media and content company. TelevisaUnivision will produce and deliver premium content for its own platform and others, while also providing innovative solutions to advertisers and distributors worldwide.
“The closing of our transaction marks a historic moment for our company and the industry,” said TelevisaUnivision CEO Wade Davis“We are combining two iconic and market-leading companies with rich, shared histories and incredible asset portfolios. This combination will create a business unmatched in global media. In the past Over the course of a year, both companies have transformed themselves to a level of financial performance and audience resonance not seen in years. The power and drive of the transformed core business is truly unique and will be the next step in the launch of Spanish Excellence A springboard for streaming services. Our new Locus company is backed by our new ownership group, which is well positioned to expand the efforts of one of the best leadership teams in the world.”
“Content assets from two leading media companies Televisa and Univision from two of the world’s largest Spanish-speaking markets combine to create a company with great potentialsaid Alfonso de Angoitia, Executive Chairman of the Board of Directors of TelevisaUnivision.With our attractive financial profile and history of innovation, TelevisaUnivision is poised to revolutionize the industry by delivering the most comprehensive range of Spanish-language content to audiences around the world. “
The deal combines the most compelling content and intellectual property with the most comprehensive media platform in the world’s two largest Spanish-speaking markets. Televisa’s four broadcast channels, 27 pay-TV channels, Videocine film studios, Blim TV subscription video-on-demand service and the Televisa trademark, will be combined with Univision’s U.S. assets, including Univision and UniMás broadcast network, 9 Spanish-language cable network , 59 television stations and 57 radio stations in major Hispanic markets in the United States, and the PrendeTV AVOD platform.
TelevisaUnivision collectively owns the world’s largest library of Spanish-language content and intellectual property, and the most prolific Spanish-language content engine in the industry. As a result of the merger, TelevisaUnivision reaches over 60% of the US and US TV audience. Mexico. In TV, digital, streaming and audio, the company reaches more than 100 million Spanish speakers every day and is a leader in both markets.
integration and positioning
Since the deal was announced April 13, 2021, Univision and Televisa have both transformed their core businesses in anticipation of the integration and delivered the highest levels of financial and audience growth both companies have experienced in years. The long-term partnership between the two businesses improves content and business alignment, which will accelerate integration.These efforts allow TelevisaUnivision to immediately begin executing the joint strategy and capture the enormous opportunity presented by the world’s nearly 600 million Spanish-speaking population, representing a total GDP of approximately $7 trillion.
The two companies have strategically assembled a global operations senior management team of world-class leaders, bringing together outstanding professionals from Televisa and Univision, and bringing in top talent from leading media and technology companies.
In addition, TelevisaUnivision’s transformation includes the development of a large amount of original content for the upcoming global streaming release, investment in new advertising…
The full story is available on Benzinga.com
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