In addition, Televisa currently has equity representing approximately 36% on a fully-diluted basis of the equity capital in Univision Holdings, Inc., the controlling Company of Univision. 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. The newly named TelevisaUnivision will launch a global Spanish-language streaming service later this year. The transaction is expected to close in 2021, subject to customary closing conditions, including receipt of regulatory approvals in the United States and Mexico, and Televisa shareholder approval. The companys top-rated media portfolio includes the Univision and UniMs broadcast networks, as well as 10 cable networks including Galavisin and TUDN, the No. I would also like to thank Televisa Co-CEOs Alfonso de Angoitia and Bernardo Gmez for their continued support and partnership as we work together to provide our audience with even more access to even more powerful, compelling and engaging Spanish-language content, however they choose to access it., We have been deeply involved with Univision for more than two decades, and we have never enjoyed a better relationship with our partners, said Bernardo Gmez and Alfonso de Angoitia, Televisas Co-Chief Executive Officers. Under the terms of the agreement, Univision will pay $3.0 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity, with an annual dividend of 5.5%. Televisas cable business offers integrated services, including video, high-speed data and voice services to residential and commercial customers as well as managed services to domestic and international carriers. Additionally, Uforia, the Home of Latin Music, encompasses 58 owned or operated radio stations, a live event series and a robust digital audio footprint. Univision will add its Univision and UniMs broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in the U.S. and Puerto Rico, along with its recently launched streaming service PrendeTV. Grupo Televisa SAB soared as much as 37% after agreeing to sell its content and media assets to U.S. partner Univision Holdings Inc. in a $4.8 billion deal that deepens the ties . Se advierte a los lectores que no dependan excesivamente en estas estimaciones a futuro, que son vigentes solamente en la fecha de este comunicado de prensa. To Read the Full Story Become an Adweek+ Subscriber. I would like to thank Chairman Emilio Azcrraga for his confidence in us, to continue as partners growing the incredible company he and his family have built. The merger facilitates an effective move to streaming by combining content, production facilities, substantive operational cost savings and owned distribution outlets in the two largest Spanish-speaking markets in the world, media consultant Julio Rumbaut said. 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. It will also maintain the Mexican government-issued broadcasting licenses and its transmission infrastructure in Mexico. Televisa-Univision when the transaction closes. Subscribe for full access to The Hollywood Reporter. The network identities and names will not change. Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve.. Im an expert in the Hispanic media industry. Cleary Gottlieb Steen & Hamilton LLP served as legal counsel to the SoftBank Latin America Fund. padding:0!important; 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. 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. As a result of these strategic efforts, both companies have experienced above market advertising revenue growth. 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). Televisa-Univision will retain all assets, IP and library related to Televisas News division. Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve. 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. 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. NEW YORK & MEXICO CITY Grupo Televisa, S.A.B and Univision Holdings II, Inc. have announced they've completed their $4.8 billion merger, creating a new company, TelevisaUnivision, Inc., that will reach over 100 million Spanish-language speakers every day on TV, digital and audio. (844) 978-6257. Juan Carlos Rodriguez has been promoted to President of Sports Enterprises for Univision and, following the completion of the merger, the combined Televisa-Univision company, from his prior. Meg James is an award-winning media reporter, writing about the business of entertainment for the Los Angeles Times. and The Raine Group; and $2.1 billion of debt commitments arranged by J.P. Morgan. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Televisa and Univision have closed their landmark transaction, a long-awaited merger deal that will now create a Spanish-language media and content powerhouse that will reach 100 million. Across television, digital, streaming, and audio, the Company reaches over 100 million Spanish speakers every day, holding leading positions in both markets. ForgeLight opera directamente o presta apoyo operativo especial a sus compaas. The teleconference will be rebroadcast starting at 12:00 p.m. CDT on April 14 and will end at 11:00 p.m. on April 28. The Company will further benefit from Univisions market-leading assets in the United States which includes the Univision and UniMs broadcast networks, nine Spanish-language cable networks, 61 television stations and 58 radio stations in major U.S. Hispanic markets and Puerto Rico, and prominent digital assets including its recently launched AVOD streaming service, PrendeTV. 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. 1 dividend stock for a LIFETIME of income. 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. Televisa owns a majority interest in Sky, a leading direct-to-home satellite pay television system and broadband provider in Mexico, operating also in the Dominican Republic and Central America. Televisa-Univision will retain all assets, IP and library related to Televisas News division. Wade Davis, the CEO of Univision, who will head the combined company, said the merger is about becoming a force in Spanish-language. LionTree Advisors LLC rendered a fairness opinion to the Board of Directors of Televisa. We are creating a company which is a leader across multi-media categories, unified over the largest territories and with the scale and focus to deliver the most compelling content experience to Spanish-language consumers around the world. Univision and Televisa will henceforth be known as TelevisaUnivision, Inc., now the worlds leading Spanish-language media and content company. Katz January 31, 2022 Univision and Mexico's Televisatwo of the biggest Spanish-language. Both Televisa and Univision had previously announced those plans, as well as the merger agreement, last April. In addition, Televisa retains the right to appoint two additional directors. Bajo las condiciones del acuerdo, Univision pagar $3 mil millones en efectivo, $750 millones en acciones ordinarias de Univision y $750 millones en acciones preferentes de la serie B, con un dividendo anual de 5.5%. Disney bet big to bulk up on programming, and gain the majority stake in the Hulu streaming service, so it could take on Netflix around the world. Univision and the Mexican TV giant Televisa completed their $4.8 billion merger on Monday, creating the newly-formed company, which brings together Televisas media content and production assets with Univisions assets, which will include dozens of cable channels, multiple broadcast networks, and a vast array of Spanish-language content. L to R: Alfonso de Angoitia and Wade Davis. } La influencia y el alcance de estos activos de contenido no tienen par. Slideshow 5502650. 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. } Pillsbury Winthrop Shaw Pittman LLP se desempe como asesor legal de The Raine Group. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Julho/2002 Joo Pessoa - PB. (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). Throughout the week, Televisas audiences were 91 per cent higher than those of the second largest broadcaster, while audiences at its flagship network, Las Estrellas, were 154 per cent higher than those of its closest competitor. Este comunicado de prensa contiene estimaciones a futuro que se basan en las actuales expectativas de ForgeLight LLC, Grupo Televisa, S.A.B., The Raine Group, SoftBank Group Corp. and Univision Holdings, Inc. El propsito de palabras como considera, anticipa, planea, espera, pretende, busca, potencial, objetivo, estimado, proyecta, pronostica, predice, pauta, es posible que, debera, podra, verbos en tiempo futuro y palabras y expresiones similares es identificar estimaciones a futuro, pero no que sean la nica manera de identificar dichas estimaciones. font-weight:500; Which Dollar Store, If Any, is Worth Your Investment Dollars? For more information, visit www.raine.com. In addition, the TelevisaUnivision transformation also included the development of a massive pipeline of original content for the upcoming global streaming launch, investing in new advertising products in both markets, revamping the programming strategy and executing new distribution partnerships, as well as launching the PrendeTV AVoD service in the US, which has served as a powerful pilot for the upcoming streaming launch. 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. Univision will contribute its namesake U.S. network and U.S. assets like UniMs, nine Spanish-language cable networks, and 61 television stations and 58 radio stations. | Univision is acquiring Televisa in a $4.8 billion merger deal that will create a massive new Spanish-language media company. Con la ms extensa y emblemtica videoteca de contenido en espaol del mundo y acceso al ecosistema tecnolgico internacional de SoftBank, ayudaremos a transformar la nueva empresa en la compaa lder de medios digitales en plataformas mltiples y uno de los ms importantes servicios OTT en el mundo, dijo Marcelo Claure, director general de SoftBank Group International y miembro de la junta de Univision. Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico and an operator of a leading direct-to-home satellite pay television system in Mexico. Esta combinacin estratgica genera un valor significativo para los accionistas de ambas empresas y nos permitir llegar de manera ms eficiente a todas las audiencias de habla hispana con ms de nuestra programacin, dijo Emilio Azcrraga, Presidente Ejecutivo del Consejo de Administracin de Televisa. Habr una teleconferencia para hablar sobre la combinacin maana, 14 de abril de 2021, a las 9:00 a.m. Centro/10:00 a.m. Este. 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. These efforts uniquely position TelevisaUnivision to begin executing immediately on a combined strategy and capture the tremendous opportunity presented by the global Spanish-speaking population of nearly 600 million, which represents an aggregate GDP of approximately $7 trillion. Televisa-Univision also received a $1. By parlaying Televisas worldwide name recognition and enormous vault of Spanish-language programming, Univision hopes to turbocharge its streaming efforts in the U.S. and Mexico and abroad. Como parte del acuerdo, Televisa seguir siendo propietaria de izzi Telecom, Sky y otras empresas, adems de los principales inmuebles asociados con las instalaciones de produccin, licencias de difusin e infraestructura de trasmisin en Mxico. La junta de la Compaa contar con 13 miembros: cinco nombrados por Televisa, tres por Searchlight y ForgeLight, dos por los propietarios de las acciones de la serie C y tres independientes. The Raine Group is a global merchant bank focused exclusively on technology, media, and telecommunications. Cleary Gottlieb Steen & Hamilton LLP se desempe como asesor legal de SoftBank Latin America Fund. Actual future events or results could differ materially from these statements, for reasons including but not limited to: economic and political developments and conditions; uncertainty in global financial markets; the impact of the COVID-19 pandemic; changes in inflation rates; changes in interest rates; the impact of existing laws and regulations, changes thereto or the imposition of new laws and regulations affecting our businesses, activities and investments; changes in customer demand; and effects of competition. Emilio Azcrraga Jeans grandfather co-founded Univision 60 years ago with a single TV station in San Antonio, and his father built Televisa into an entertainment and political juggernaut in Mexico. In Mexico, Televisa has struggled to adapt to the streaming era and has lost some of its audience to Netflix. Univision Network will continue to exist, owned by Televisa-Univision. 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