Brings together market leadership across U.S.
and Mexico, reaching 100 million Spanish speakers every day across
TV, digital, and audio
Largest Spanish-language content library in the
world, with 300,000 hours of content, is combined with extensive
portfolio of IP and sports rights, and constantly refreshed by
prolific Spanish-language content engine
TelevisaUnivision to launch the premier
streaming service for the Spanish speaking audiences in 2022, with
free and premium tiers, and large offering of original
Spanish-language entertainment, sports and news
Significant strategic ownership, including
Softbank, Google and Grupo Televisa, is uniquely positioned to help
drive the strategic objectives of TelevisaUnivision
Grupo Televisa, S.A.B (“Televisa”; NYSE:TV; BMV:TLEVISA
CPO) and Univision Holdings II, Inc. (together with its
wholly owned subsidiary, Univision Communications Inc.,
“Univision”) today announced the completion of the transaction
between Televisa’s media content and production assets and
Univision. The new company, which is named TelevisaUnivision, Inc.
(the “Company” or “TelevisaUnivision”), creates the world’s leading
Spanish-language media and content company. TelevisaUnivision will
produce and deliver premium content for its own platforms and for
others, while also providing innovative solutions for advertisers
and distributors globally.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220131005831/en/
Alfonso de Angoitia, Executive Chairman
of the TelevisaUnivision Board of Directors (Photo:
TelevisaUnivision)
“The close of our transaction marks a historic moment for our
company and our industry,” said TelevisaUnivision CEO Wade Davis.
“We are combining two iconic and market-leading companies that have
a rich, shared history and an incredible portfolio of assets. This
combination will create a business without comparison in the global
media landscape. Over the past year both companies have transformed
themselves, reaching levels of financial performance and audience
resonance that has not been seen for years. 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. The new trajectory of our
company is supported by our new ownership group, which is well
positioned to amplify the efforts of one of the best leadership
teams in the world.”
“The combination of content assets from Televisa and Univision,
the two leading media companies from the two largest
Spanish-speaking markets in the world, has created a company with
tremendous potential,” said Alfonso de Angoitia, Executive Chairman
of the TelevisaUnivision Board of Directors. “With our attractive
financial profile and history of innovation, TelevisaUnivision is
ready to revolutionize the industry by delivering the most
comprehensive Spanish-language content offering to audiences around
the world.”
The transaction brings together the most compelling content and
intellectual property with the most comprehensive media platforms
in the two largest Spanish speaking markets in the world.
Televisa’s four broadcast channels, 27 pay-TV channels, Videocine
movie studio, Blim TV subscription video-on-demand service, and the
Televisa trademark, will be combined with Univision’s assets in the
U.S., which include the Univision and UniMás broadcast networks,
nine Spanish-language cable networks, 59 television stations and 57
radio stations in major U.S. Hispanic markets, and the PrendeTV
AVOD platform.
Together, TelevisaUnivision owns the largest library of
Spanish-language content and intellectual property in the world,
and the most prolific long-form Spanish-language content engine in
the industry. As a result of the combination, TelevisaUnivision
reaches over 60% of the respective TV audiences in both the U.S.
and Mexico. Across television, digital, streaming, and audio, the
Company reaches over 100 million Spanish speakers every day,
holding leading positions in both markets.
Integration and Position as One Company
Since announcing the transaction on April 13, 2021, Univision
and Televisa have each transformed their core businesses in
anticipation of the integration and are delivering the highest
levels of financial and audience growth either company has
experienced in years. The long-standing partnership between the two
businesses has allowed for improved content and business
coordination that will accelerate the integration. 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.
The companies have strategically assembled a senior management
team of world-class leaders for the global operation, combining
great professionals from Televisa and Univision, as well as
bringing in top talent from leading media and technology
companies.
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 U.S., which has served as a powerful
pilot for the upcoming streaming launch.
As a result of these strategic efforts, both companies have
experienced above market advertising revenue growth. Univision’s
advertising revenue through the first nine months of 2021 increased
by 32.6%, returning significantly beyond 2019 levels, while
Televisa’s advertising revenue for the same period increased by 24%
year-over-year.
Univision’s portfolio of television networks, consisting of
Univision, UniMás, Galavision and TUDN, delivered 62% of the
primetime viewing on Spanish-language television in the U.S. among
adults 18-49, up from 58% compared to 2020, and marked the highest
audience share since 2014. Meanwhile, Televisa’s content
performance and audience delivery in Mexico was equally as
impressive. The top 20 programs on broadcast television in Mexico
were produced and transmitted by Televisa. Televisa’s top three
programs during 2021 had audiences between 63% and 73% higher than
the top-rated program of its closest competitor. Throughout the
week, Televisa’s audiences were 91% higher than those of the second
largest broadcaster, while audiences at its flagship network, Las
Estrellas, were 154% higher than those of its closest competitor.
Televisa transmitted eight out of the 10 soccer matches with the
highest audiences in Mexico during 2021.
Industry-Leading Innovation and Impact
TelevisaUnivision remains on track to launch its previously
announced unified global streaming service in 2022, which will
include both a free and a premium subscription tier. The service
will have the largest offering of original Spanish-language content
in the U.S. and Latin America, including dramas, comedies,
docuseries, game shows, reality shows, variety programs, movies,
musical and cultural events, children’s and educational programs,
sports and special events, as well as trusted news programming.
By tapping into Televisa’s vast content vault, along with the
new Spanish-language originals in development and a wide range of
collaborations with some of the most notable established and
up-and-coming creators today, this offering will be the world’s
first large-scale streaming service specifically developed for the
Spanish-speaking audience.
Creative partnerships with Eugenio Derbez, Selena Gomez, Maria
Dueñas, Mario Vargas Llosa and Santiago Limón were among the first
announced and will fuel what will be a truly compelling and
first-of-its-kind offering.
Leadership
Wade Davis will lead TelevisaUnivision as CEO. Alfonso de
Angoitia will serve as Executive Chairman of the TelevisaUnivision
Board and Marcelo Claure will become Vice Chairman of the
Board.
The TelevisaUnivision Board will also be comprised of Emilio
Azcárraga, Bernardo Gómez, Michel Combes, Gisel Ruiz, Oscar Muñoz,
Maria Cristina “MC” Gonzalez Noguera, Eric Zinterhofer and Jeff
Sine. In addition, Televisa retains the right to appoint two
additional directors.
Content production and operations in Mexico will be led by
Bernardo Gómez and Alfonso de Angoitia, Co-Chief Executive Officers
of TelevisaUnivision Mexico, who also remain co-Chief Executive
Officers of Grupo Televisa. Grupo Televisa’s news operations in
Mexico will become part of a new, independent company dedicated to
producing news for TelevisaUnivision’s networks in Mexico, and will
be led by Emilio Azcárraga, Executive Chairman of the Grupo
Televisa Board of Directors.
The Company’s new investors include SoftBank Latin America Fund,
Google and The Raine Group.
Advisors
For Univision: Guggenheim Securities and J.P. Morgan acted as
financial advisors; Paul, Weiss, Rifkind, Wharton & Garrison
LLP and Sidley Austin LLP served as legal counsel; and Covington
& Burling LLP served as regulatory counsel.
For Televisa: Allen & Company acted as financial advisor;
Wachtell, Lipton, Rosen & Katz, and Mijares, Angoitia, Cortés y
Fuentes, S.C. served as legal counsel; and Pillsbury Winthrop Shaw
Pittman LLP served as regulatory counsel. LionTree Advisors LLC
rendered a fairness opinion to the Board of Directors of
Televisa.
Cleary Gottlieb Steen & Hamilton LLP served as legal counsel
to the SoftBank Latin America Fund.
Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to
The Raine Group.
About TelevisaUnivision
As the leading Spanish-language media and content company in the
world, TelevisaUnivision features the largest library of owned
content and industry-leading production capabilities that power its
streaming, digital and linear television offerings, as well as its
radio platforms.
The Company’s media portfolio includes the top-rated broadcast
networks Univision and UniMás in the U.S. and Las Estrellas and
Canal 5 in Mexico. TelevisaUnivision is home to 36 Spanish-language
cable networks, including Galavisión and TUDN, the No. 1
Spanish-language sports network in the U.S. and Mexico.
With the most compelling portfolio of Spanish-language sports
rights in the world, TelevisaUnivision has solidified its position
as the Home of Soccer. TelevisaUnivision also owns and manages 59
television stations across the U.S. and four broadcast channels in
Mexico affiliated with 222 television stations, Videocine studio,
and Uforia, the Home of Latin Music, which encompasses 57 owned or
operated U.S. radio stations, a live event series and a robust
digital audio footprint.
TelevisaUnivision is home to premium streaming services PrendeTV
and Blim TV, which altogether host over 40,000 hours of
high-quality, original Spanish-language programming from
distinguished producers and top talent. The Company’s prominent
digital assets include Univision.com, Univision NOW, and several
top-rated digital apps. For more information, visit
televisaunivision.com.
About Televisa
Televisa is a major telecommunications corporation which owns
and operates one of the most significant cable companies as well as
a leading direct-to-home satellite pay television system in Mexico.
Televisa’s cable business offers integrated services, including
video, high-speed data and voice to residential and commercial
customers as well as managed services to domestic and international
carriers. 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 holds a number of concessions by the
Mexican government that authorizes it to broadcast programming over
television stations for the signals of Univision Holdings II, Inc.
(“Univision”), and Televisa’s cable and DTH systems. In addition,
Televisa is the largest shareholder of TelevisaUnivision, the
controlling company of Univision Communications Inc., a leading
media company producing, creating, and distributing
Spanish-speaking content through several broadcast channels in
Mexico, the US and over 70 countries through television networks,
cable operators and over-the-top or “OTT” services. Televisa also
has interests in magazine publishing and distribution, professional
sports and live entertainment, and gaming.
Forward Looking Statements
This press release contains forward-looking statements based on
the current expectations of the Company and Grupo Televisa, S.A.B.
Words such as “believe”, “anticipate”, “plan”, “expect”, “intend”,
“seek”, “potential”, “target”, “estimate”, “project”, “predict”,
“forecast”, “guideline”, “may”, “should”, “could”, “will” and
similar words and expressions are intended to identify
forward-looking statements, but are not the exclusive means of
identifying these statements. These forward-looking statements
reflect our current views with respect to future events and are
based on assumptions and are subject to risks and uncertainties.
Also, these forward-looking statements present our estimates and
assumptions only as of the date of this press release. We undertake
no obligation to modify or revise any forward-looking statements to
reflect events or circumstances occurring after the date that the
forward-looking statement was made. Factors that could cause actual
results to differ materially from those expressed or implied by the
forward-looking statements include: risks and uncertainties related
to, and disruptions to the Company’s business and operations caused
by, the business combination of Televisa and Univision and the
combination of the companies’ content businesses, and impacts of
any changes in strategies following the consummation of such
business combination; our ability to successfully launch our
streaming service; risks and uncertainties as to the evolving and
uncertain nature of the COVID-19 pandemic and its impact on the
Company, the media industry, and the economy in general, including
interference with, or increased cost of, the Company’s or its
partners’ production and programming, changes in advertising
revenue, suspension of sporting and other live events, disruptions
to the Company’s operations and the Company’s response to the
COVID-19 virus related to facilities closings and increases in
expenses relating to precautionary measures at the Company’s
facilities to protect the health and well-being of its employees
due to COVID-19; economic and political developments and
conditions; uncertainty in global financial markets; 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, as well as other factors. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220131005831/en/
Media and Investor
Contacts:
TelevisaUnivision Investor
Contact: Bob Entwistle 1(201) 287-4304 rentwistle@univision.net
Media Contact: Maria Areco 1(305) 7024-7043
mareco@univision.net
Grupo Televisa Investor
Contacts: Rodrigo Villanueva / Santiago Casado (52 55) 5261-2445 /
(52 55) 5261-2438 rvillanuevab@televisa.com.mx /
scasado@televisa.com.mx
Media Contacts: Rubén Acosta / Teresa Villa (52 55) 5224-6420 /
(52 55) 4438-1205 racostamo@televisa.com.mx /
atvillas@televisa.com.mx
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