(844) 978-6257. After the transaction closes, Televisa will no longer consolidate financials of its Content segment. }. The SoftBank Latin America Fund is proud to invest in the combination of Televisa-Univision to help create a content powerhouse that can serve the nearly 600 million Spanish-language speakers globally. Our flagship Univision network led by our slate of Televisa's scripted novelas reached its highest primetime share of Spanish language audience since 2014. As a result, Televisas net debt leverage ratio will decline to below 2.0x and its U.S. dollar-denominated assets and liabilities will be matched. TelevisaUnivision will produce and deliver premium content for its own platforms and for others, while also providing solutions for advertisers and distributors globally. It was the right moment, and the right people to do it with.. The combined entity will have the content, production capacity, intellectual property, global reach and financial resources to aggressively pursue the relatively nascent global Spanish-language streaming opportunity. Jaconias de Aguiar Diretor. 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. ForgeLight LLC, Grupo Televisa, S.A.B., The Raine Group LLC, SoftBank Group Corp. and Univision Holdings, Inc. undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Why Netflix is dabbling in livestreaming, How strong is Dominions defamation case against Fox News? The Hollywood Reporter is a part of Penske Media Corporation. Former Softbank COO Marcelo Claure will be vice chairman. We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. View 461,600 Shares in Canoo Inc. (NYSE:GOEV) Bought by Axa S.A. Abans de l'inici de la temporada de la NFL, mitjans de comunicaci de tot el pas Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve. and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan. MEXICO CITY (AP) Grupo Televisa, Mexico's largest television network, announced Tuesday it is merging with U.S. Spanish-language broadcaster Univision to form what they called the "definitive global leader in Spanish-language media." The new company will be known as TelevisaUnivision. Looking at the overall market, there has never been a truly global Spanish-language media company, Davis said in an interview. The deal will be financed through $1.0 billion of new Series C preferred equity investment led by the SoftBank Latin American Fund, along with current Univision investor ForgeLight LLC, with participation from Google With the largest and most iconic original Spanish content library in the world and access to SoftBanks global tech ecosystem, we will help transform the new company into the leading Spanish-language multi-platform digital media company and one of the most important OTT service providers in the world, said Marcelo Claure, Chief Executive Officer of SoftBank Group International and board member of Univision. This strategic combination generates significant value for shareholders of both companies and will allow us to more efficiently reach all Spanish-language audiences with more of our programming, said Emilio Azcrraga, Executive Chairman of the Televisa Board of Directors. Since announcing the transaction on April 13th, 2021, Univision and Televisa have each transformed their core businesses in anticipation of the integration and are delivering the highest levels of financial and audience growth either company has experienced in years. February 1, 2022. New investors in the company include the SoftBank Latin America Fund, Google and The Raine Group. CBS News Reports: "It's an entirely new type of weapon." All Rights Reserved. Meg James is an award-winning media reporter, writing about the business of entertainment for the Los Angeles Times. This strategic combination generates significant value for shareholders of both companies and will allow us to more efficiently reach all Spanish-language audiences with more of our programming, Azcrraga Jean, executive chairman of the Televisa board of directors, said in a statement. (Televisa), and Univision Holdings, Inc. (together with its wholly owned subsidiary, Univision Communications Inc., Univision), today announced a definitive transaction agreement in which Televisas content and media assets will be combined with Univision to create the largest Spanish-language media company in the world: Televisa-Univision (the Company). 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. Subscribe for full access to The Hollywood Reporter. The merger is expected to close in 2021, pending regulatory approval, and the combined company plans to launch a global streaming platform in early 2022. While not the powerhouse it used to be, Spanish-language media giant Univision continues to reach an important demographic: Latinos. For more information, visit corporate.univision.com/newco. Para ms informacin, visiten www.raine.com. Wachtell, Lipton, Rosen & Katz; y Mijares, Angoitia, Corts y Fuentes, S.C. le proveen asesora legal. 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. Como la empresa lder de contenido y medios en espaol en Estados Unidos, Univision Communications Inc. los entretiene, informa y empodera con contenido de noticias, deportes y entretenimiento en televisin de seal abierta y cable, adems de audio y plataformas digitales. 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. Here's 3 Dividend Stocks That Pay Monthly, View Joby Aviation Stock Preps For Takeoff, View 3 Lithium Stocks Powering Up For Big 2023 Gains. A native of Wyoming, she is a graduate of the University of Colorado and Columbia University. Univision is ready to make a splash at its first upfront as part of TelevisaUnivision. To see all exchange delays and terms of use please see Barchart's disclaimer. Im an expert in the Hispanic media industry. 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. La empresa resultante contar con la ms extensa videoteca de contenido de formato largo en el mundo, una slida cartera de propiedad intelectual y derechos internacionales a la trasmisin de deportes, respaldados por la ms prolfica infraestructura de produccin en espaol. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. El negocio de Cable de Televisa ofrece servicios integrados, incluyendo video, servicios de datos de alta velocidad y servicios de voz a clientes residenciales y comerciales, as como servicios administrados a empresas de telecomunicacin locales e internacionales. Univision and Mexico's Televisatwo of the biggest Spanish-language media companies in North Americaannounced the completion of their landmark $4.8 billion merger on Monday. We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets, Davis said in a statement. 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., Davis continued, 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. The TelevisaUnivision Board will also comprise Emilio Azcrraga, Bernardo Gmez, Michel Combes, Gisel Ruiz, Oscar Muoz, Maria Cristina MC Gonzalez Noguera, Eric Zinterhofer and Jeff Sine. Llamadas desde Estados Unidos: +1 (833) 353-0403, Llamadas internacionales: +1 (630) 652-5765. The combination will be financed through $1.0 billion of new Series C preferred equity investment led by the SoftBank Latin American Fund (SoftBank), along with current Univision investor ForgeLight LLC, with participation from Google and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan. A member of the Company Town team for two decades, James specializes in covering television, corporate media and investigative projects. Participants include: Televisa Co-CEO Alfonso de Angoitia and Univision CEO Wade Davis. 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Televisas four broadcast channels, 27 pay-TV channels, Videocine movie studio, Blim TV subscription video-on-demand service, and the Televisa trademark, will be combined with Univisions assets in the US, which include the Univision and UniMs broadcast networks, nine Spanish-language cable networks, 59 television stations and 57 radio stations in major U.S. Hispanic markets, and the PrendeTV AVoD platform. Univision Communications and Grupo Televisa plan to merge their entertainment assets to create a powerful new Spanish-language media company with one foot in the United States and the other in Mexico. To Read the Full Story Become an Adweek+ Subscriber. In 2020, Televisa produced more than 86,000 hours of content across every genre and category, including sports and special events, dramas, newscasts, situation comedies, game shows, reality shows, childrens programs, comedy and variety programs, musical and cultural events, movies and educational programming. Pillsbury Winthrop Shaw Pittman LLP se desempea como asesor en regulacin. She was the lead reporter for The Times coverage of the deadly Rust shooting on a New Mexico film set in 2021, work recognized by the Pulitzer Prize board as a finalist in breaking news. Televisa-Univisions differentiated market proposition and cost structure allow for premium top line pricing with efficient content costs as most of the production will take place in Mexico where the Company has substantial high quality production studios in an ideal market to source premium content. Thedeal is expected to close some time in 2021, subject to regulatory approvals in the United States and Mexico, and Televisa shareholder approval. Miami-based Univision, which has long relied heavily on Televisas low-cost telenovelas to fill its prime-time schedule, also faces increased competition from Telemundo, which is owned by NBCUniversal, as well as English-language channels, YouTube and streaming services. 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. "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,". 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. 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. Get short term trading ideas from the MarketBeat Idea Engine. The Companys Board will have 13 directors, including five appointed by Televisa, three by Searchlight and ForgeLight, two by the Series C shareholders and three independent directors. La Compaa se beneficiar, adems, de los activos de Univision, que son lderes en el mercado de Estados Unidos e incluyen las cadenas de seal abierta Univision y UniMs, nueve cadenas de cable en espaol, 61 estaciones de televisin y 58 estaciones de radio en importantes mercados hispanos en Estados Unidos y Puerto Rico, y prominentes activos digitales, entre ellos el recin lanzado PrendeTV, su servicio de streaming de video on demand con publicidad (AVOD). It's a done deal. Univision and Televisa will henceforth be known as TelevisaUnivision, Inc., now the worlds leading Spanish-language media and content company. La combinacin se financiar por medio de una inversin de $1 mil millones de nuevas acciones preferentes de la serie C encabezada por SoftBank Latin American Fund (SoftBank), junto con ForgeLight LLC, actual inversionista en Univision, adems de la participacin de Google y The Raine Group; y $2.1 mil millones en obligaciones en concepto de deuda colocados por J.P. Morgan. 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. defy industry trends. The new entity, which will be known as Televisa-Univision, will be the worlds largest Spanish-language media company. Wade Davis will lead TelevisaUnivision as CEO. 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. Learn more. 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.. 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. Wade Davis, the CEO of Univision, who will head the combined company, said the merger is about becoming a force in Spanish-language. While TWO currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Para mayor informacin, visiten corporate.univision.com/newco. Opinions expressed by Forbes Contributors are their own. Televisa es una empresa de medios lder en la produccin de contenido audiovisual en espaol, un importante operador de Cable en Mxico y un sistema lder de televisin de paga va satlite en Mxico. Both firms have been struggling to capture a share of the booming over-the-top (OTT) video services sector. Televisa distribuye el contenido que produce a travs de varios canales de televisin abierta en Mxico y en ms de 70 pases a travs de 27 marcas de canales de televisin de paga y canales de televisin, operadores de cable y servicios adicionales por internet (OTT, por sus siglas en ingls). Despus de la transaccin, Televisa continuar el desarrollo y la expansin de sus actividades de telecomunicaciones en Mxico, que son lderes en el sector, con el mejor acceso de alta velocidad al internet y programacin de alta calidad como agregador de contenido. The Board of Directors of both Televisa and Univision have already approved the combination. 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. It will also maintain the Mexican government-issued broadcasting licenses and its transmission infrastructure in Mexico. La firma tiene oficinas en Nueva York, San Francisco, Los ngeles, Londres, Shanghi y Mumbai. color: #ddd; An Overview of Blue Chips. Televisa transmitted eight out of the 10 soccer matches with the highest audiences in Mexico during 2021. 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.
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