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ViacomCBS Networks Int To Buy Chilevisión From WarnerMedia, Expand Latin America Footprint
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ViacomCBS to acquire Chilevisión from WarnerMedia - New York Business Journal
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Archyde
April 5, 2021 by archyde
And after months of being transcended, what was already an open secret took shape yesterday. A new movement shook the telecommunications market. The North American company ViacomCBS (VCNI) announced that its subsidiary ViacomCBS Networks International has agreed to acquire Chilevisión from WarnerMedia.
The acquisition covers all of Chilevisión’s brands and assets, including its broadcast television signal, which will complement Viacom’s global content offering. The purchase price – which is held in reserve – will be financed with existing cash balances from ViacomCBS. The transaction is subject to regulatory approvals by the National Economic Prosecutor’s Office (FNE) and the closing conditions.
TVFORMATS
VIS Pacts with Korea’s Something Special
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Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.
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Viacom Strikes Format Deal With Korea s Something Special
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VIS, part of ViacomCBS Networks International, has struck a partnership to develop formats and shows with South Korea-based Something Special. The deal expands the corporation’s activities in Korea and the Asian TV markets.
Founded at the end of 2019 by Hwang Jin Woo, former president of CJ ENM, and Kim In-soo, former head of formats at SBS, Something Special pitches itself as Korea’s first-ever TV agency representing format producers.
More from Variety
The deal gives VIS exclusive first-look rights to globally represent and co-develop up to ten of Something Special’s top unscripted and factual entertainment formats. These potentially span music competition, food and cuisine, game shows and reality shows.
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