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ViacomCBS Networks To Acquire Chilevisión From WarnerMedia; Terms Undisclosed


ViacomCBS Networks To Acquire Chilevisión From WarnerMedia; Terms Undisclosed
DALLAS (dpa-AFX) - ViacomCBS Inc. (VIAC, VIACA) said that ViacomCBS Networks International has agreed to acquire Chilevisión from WarnerMedia, a division of AT&T (T). Financial terms of the transaction were not disclosed.
The acquisition will include Chilevisión s free-to-air television network, which will complement ViacomCBS Networks global content offering. Chilevisión attracted approximately 24 percent share of viewership in 2020.
ViacomCBS Networks said it further expands its footprint in Latin America and bolsters its streaming business with a new premium content library and pipeline to fuel the increasing demand for Spanish language content across platforms including Paramount+ and Pluto TV. ....

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ViacomCBS to Acquire Chilevisión


TVLATINA
ViacomCBS to Acquire Chilevisión
ViacomCBS Networks International (VCNI) has sealed a deal to acquire Chilevisión from WarnerMedia.
The deal expands VCNI’s regional footprint and boosts its streaming business via a new content library as it expands Paramount+ and Pluto TV. Free-to-air network Chilevisión had a 24 percent share of viewership in 2020. Oversight of the broadcaster now falls under the remit of Juan “JC” Acosta, president of ViacomCBS International Studios and Networks Americas.
“Latin America is one of the world’s fastest-growing streaming markets, and Chilevisión will be a key driver of our accelerated streaming strategy in the region,” said Raffaele Annecchino, president and CEO of ViacomCBS Networks International. “Chilevisión is an extraordinary addition to our existing business in Latin America and will fortify ViacomCBS’s position as a premier Spanish-language content producer.” ....

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ViacomCBS Networks Int. To Buy Chilevisión From Warner Media, Expand Latin America Footprint


ViacomCBS Networks Int. To Buy Chilevisión From WarnerMedia, Expand Latin America Footprint
Deadline
1 hr ago
ViacomCBS Networks International has agreed to acquire Chilevisión from AT&T’s WarnerMedia for an undisclosed sum, expanding its footprint in Latin America.
The deal will bolster VCNI’s streaming business with a new premium library and pipeline to fuel increasing demand for Spanish language content across platforms including recently launched Paramount+ and Pluto TV.
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Financial terms weren’t disclosed. Parent ViacomCBS said the purchase will be financed by existing cash balances.
The acquisition includes Chilevisión’s free-to-air television network, which attracted an approximate 24% share of viewership in 2020, VCNI said. Chilevisión’s library spans sports, entertainment and news and it has significant production capabilities. Its reach and a windowing strategy of its content pipeline through free, paid, and pr ....

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