Grupo Televisa and Univision Holdings have completed a transaction between the media content and production assets of Televisa and Univision to create a new Spanish-language media and content company, TelevisaUnivision.
“The closing of our transaction marks a historic moment for our company and our industry,” said Wade Davis, president and CEO of TelevisaUnivision. “We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. This combination will create a business without comparison in the global media landscape. Over the past year, the two companies have transformed, reaching levels of financial performance and audience resonance that have not been seen in years.”
“Combining the content assets of Televisa and Univision, the two leading media companies in the world’s two largest Spanish-speaking markets, has created a business with enormous potential,” said Alfonso de Angoitia, Executive Chairman and 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 Spanish-language content offering to audiences around the world.”
Televisa’s four broadcast channels, 27 pay-TV channels, movie studio Videocine, subscription video-on-demand service Blim TV and the Televisa brand will be combined with Univision’s U.S. assets, which include Univision and UniMás 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.