Name a new giant of Spanish television. Television and Univision companies announced this March their merger to become the main producer of Spanish-speaking countries. The decision of the two leading companies over the years to land on the ground of the digital platforms, mainly Netflix, which in the near future will bring the 48 million subscriptions in Latin America. The new actor, dubbed Television-Univision, is precisely wrong with the intention to create in the market of current for 600 million people, 190 million in North America.
The matrimony, which was once again reaching the March finals for both companies, will launch a catalog of nutritional digital content for both and will be available in early 2022. Television will cover monthly content broadcast on its 31 channels (and four TV channels). 27 of page); a cinematographic studio and its platform of current Blim. Everything has been produced over the past 86,000 hours of content for sports events, telenovelas, celebrities, and dramatic comedies. Univision, leading in the Spanish market of United States and Puerto Rico, brings the material of its two signal channels and other new cable channels; 61 television stations and 58 radios. We also plan to launch a digital service on demand, Prende TV.
In a joint venture in New York, Miami and Mexico City, the companies said that Televisa, with a total value of 4,800 million dollars, is acting as a majority shareholder through the merger with a 45% participation. The company preserves the property of Sky and IZZI, with telecommunications braces that allow it to compete with Carlos Slim’s America Mobile.
Univision, for its part, will pay 3,000 million dollars effectively and another 1,500 in combined actions that Television will use to reduce its debt. The announcement has saved more than 8% the price of the TV actions, owned by the Mexican family Azcárraga from decades ago. The merger will have to be approved by the Mexican and United States regulators, although the shareholders will agree that the operation will end this year.
The operation is also underway with the $ 1,000 million unversional impetus for actions taken by SoftBank and Univision’s current inversionist, ForgeLight LLC. The transaction is also involving the participation of technology giant Google and The Raine Group. More than $ 2,100 million in debt defaults will be coordinated by JP Morgan Bank.
Emilio Azcárraga Jean, the executive director of Televisa, said that the union “will allow more efficient ways to all the Spanish audience” with the current contents. The company considers that the new company will look for a “more aggressive” way in the digital market. This is “significantly unattended”, the communication said. Only 10% of the Spanish population is subscribed to a high-demand content platform when the number of subscribers in the Anglo-Saxon market is 70%.
Wade Davis, Univision’s CEO, will lead the combined company that will summon the brave right of Azcárraga, Alfonso de Angoitia, to the chair of the Board of Directors. The Vice President will be Marcelo Claure, CEO of SoftBank International.
Television and Univision have a long history, for 20 years, working together. In 2017, more solidarity will be established between the media in the wake of the rapid transformation of the industry through the outbreak of Netflix in Hispanic countries. This year, the Mexican regulator approved up to 49% of the common shares between the two. Univision is the main producer of many television content, owned by a well-known chain of advertising startups and a 55% increase in market value. In February 2020, Wade Davis joined the Univisión and a series of cambios in its structure across the searchlight and ForgeLight foundations, Televisa repeat the collaboration request to create programs that are distributed in 70 countries.
Now both have a front and a revolution in the pants that will not go down. El current cover 70% of Red’s traffic with more than 850 million subscribed hogas to various services. With a steady pace of 550-year-old casi this year, the colossal business has revitalized the world of entertainment.
The news in Mexican countries
The agreement between Televisa and Univision has an exception for the production of news. Television-Univision will contract a company of the Azcárraga family to “guarantee that the content of permanent brands in Mexican and produced in Mexico”. The North American country will also be the production hub of the Giant Container, a strategy to reduce costs allows the various infrastructure that Television has to make series, sports and sports shows.
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