Univision Holdings, Inc. The Grupo Televisa will announce this March an agreement in which the content and media activities of Televisa will be merged with Univision to create the world’s largest multimedia company in Spain.
The operation will bring together the leading companies in the major Spanish markets of Spain: Univision in the United States, the largest Spanish-language media market, and Television in Mexico, the Spanish mayor’s number.
“This combination transforms a red leader that reaches the Spanish audiences of the United States with the leader media platform in Mexico powered by the most powerful Spanish content engine in the world,” said Wade Davis, Executive Director of Univision.
“Televisa-Univision will be established as the world leader in multimedia in Spain, in a unique position to capture the important market opportunity for Hispanos worldwide”, added.
Emilio Azcárraga, Executive Director of the Directorate of Television, stated for his part: “This strategic combination generates a significant value for the shareholders of both companies and allows us to learn more efficiently in all our Spanish audiences with more.
And underlined: “Together, Televisa-Univision can pursue more aggressive innovation and creation through digital platforms while the industry continues to evolve. Our new investors in SoftBank Latin America Fund, Google and The Raine Group are equally enthusiastic about the opportunities presented by this combination “.
The largest multimedia company in Spain
The resulting bargaining agreement with the world’s largest series library, a potent charter of global deportation rights and intellectual property, as well as the planet’s most potent study infrastructure.
Televisa will contribute with its four open channels, 27 pay-TV channels and stations, its Vineocine cinema and the video service will be requested by Blim TV. These media activities conform to the definitive market leader in Mexico.
The new company benefits more from Univision’s market assets in the United States, which includes Univision’s and UniMás’ broadcast speeches, Spain’s cable broadcasts, 61 television stations and 58 radio stations in Spanish major markets. of the United States and Puerto Rico, and prominent digital channels. assets, including its recently launched AVOD transmission service, PrendeTV.
The operation is subject to the approval of the Federal Communications Commission (FCC, by its English flags) and the television operators. It is hoped that it will be perfected in the course of this year.