Televisa to Merge its Media, Content and Production Assets with Univision.
MANews-(C)2009-2021
Spanish language media companies Grupo Televisa, S.A.B. of Mexico, and Univision Holdings, Inc. in the USA have inked a definitive transaction agreement in which Televisa's content and media assets will be combined with Univision to create the largest Spanish-language media company in the world: Televisa-Univision, the companies said.
The combination brings together the two leading media businesses in the two largest Spanish-speaking markets in the world: Univision in the United States, the largest Spanish-language media market by value, and Televisa in Mexico, which is the most populous Spanish-language market in the world.
The resulting business will hold the largest long-form library of content in the world, a powerful portfolio of IP and global sports rights, fueled by the most prolific Spanish-language production infrastructure.
The power and scope of these content assets are unmatched. 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, children's programs, comedy and variety programs, musical and cultural events, movies and educational programming.
Televisa will also 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 service; and the Televisa trademark. These media assets comprise the definitive market leader in Mexico.
The company will further benefit from Univision's market-leading assets in the United States which includes the Univision and UniMás broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major US Hispanic markets and Puerto Rico, and prominent digital assets including its recently launched AVOD streaming service, PrendeTV.
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.
The Spanish-language market, which represents around 600 m people globally, and an aggregate GDP of about USD 7tn, is significantly underserved from a streaming perspective relative to other major markets.
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...
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