Televisa and Univision Holdings, Inc. reached a deal to combine content and media assets of both companies.
Univision is acquiring Televisa’s content assets for $4.8 billion.
As part of the agreement, Televisa will 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, but it will retain ownership of some businesses in Mexico. Televisa will also keep its approximately 45% stake in the company.
Univision CEO Wade Davis will lead the combined company, which will take on the name Televisa-Univision, once the deal closes sometime in 2021, subject to regulatory approvals in the United States and Mexico, and Televisa shareholder approval.
You can read more about the assets Televisa will hold onto, the new Board of Directors of the combined company and other details of the transaction, on Forbes.
Fasten your belts peasants because non-Mexican heads will start rolling in no time.
This is no longer the times when Televisa-PRI Honchos came to Miami to try to establish and force their dirty agenda and got kicked by the rear just minutes after.
Hispanic population has grown ages but Independence and Authenticity of the Latino media in US have both weakened and shrunken considerably.
Don’t let the flashes to entertain you much, just ask around in any Affiliate or O&O.
Is good to be retired by now.