ViacomCBS Networks International Completes Acquisition of Chilevisión
September 30 2021 - 8:00AM
Business Wire
ViacomCBS Networks International (VCNI), a division of ViacomCBS
Inc. (NASDAQ: VIAC, VIACA), today announced the closing of the
previously announced acquisition of Chilevisión from WarnerMedia, a
division of AT&T (NYSE: T).
The acquisition includes Chilevisión’s market leading
free-to-air (FTA) television network, which is Chile’s most watched
television channel this year to-date, with an average of 8.3 points
of HH rating and the largest growth, +11% HH rating, compared to
2020.* The investment also includes Chilevisión’s substantial
library of content spanning multiple genres including sports,
entertainment, and news, as well as its vast production
capabilities. These attributes, Chilevisión network’s reach, and a
windowing strategy of its content pipeline through free, paid, and
premium, will serve as a valuable marketing vehicle for VCNI’s
Spanish language ecosystem, and expand VCNI’s studio, streaming and
linear presence in the region.
“Our investment in Chilevisión strategically expands ViacomCBS’
global ecosystem, strengthening our position as a leading
Spanish-language content producer,” said Raffaele Annecchino,
President and CEO, ViacomCBS Networks International. “As we
rapidly grow our streaming services worldwide, we’ve seen the power
our free-to-air channels like Telefe in Argentina, Network 10 in
Australia, and Channel 5 in the UK have to fuel Paramount+ and
Pluto TV. Spanning every platform and price point, our diversified
ecosystem is what continues to set ViacomCBS apart in the streaming
landscape as we drive subscribers across our platforms and connect
audiences with more premium, original content.”
Chilevisión will fall under the leadership of Juan “JC” Acosta,
President of ViacomCBS International Studios and Networks Americas.
Additional leadership appointments will be made soon.
Financial terms of the transaction were not disclosed.
(*2021 from Kantar Ibope Media).
ViacomCBS Networks International
(VCNI)
ViacomCBS Networks International (VCNI), a unit of ViacomCBS
Inc. (NASDAQ: VIAC, VIACA), is comprised of many of the world’s
most iconic consumer brands. Its portfolio includes Channel 5,
Telefe, Network 10, Nickelodeon, MTV, Comedy Central, BET,
Paramount Network, as well as streaming services Paramount+ and
Pluto TV, and ViacomCBS International Studios, among others. In
addition to offering innovative streaming services and digital
video products, VCNI provides powerful capabilities in production,
distribution and advertising solutions for partners on five
continents and across more than 180 countries.
VIAC-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20210930005103/en/
ViacomCBS Networks International
(VCNI): Janice Gatti Senior Vice President,
Communications 1-917-494-3701 janice.gatti@viacomcbs.com Ashley
Priest Director, Communications 1-646-285-6081
Ashley.priest@viacom.com Investors: Anthony DiClemente Executive Vice
President, Investor Relations (917) 796-4647
anthony.diclemente@viacomcbs.com Jaime Morris Vice President,
Investor Relations (646) 824-5450 jaime.morris@viacomcbs.com Robert
Amparo Manager, Investor Relations (347) 223-1682
robert.amparo@viacom.com
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