ForgeLight was founded in 2019 by Wade Davis and is an operating and investment company focused on the media and consumer technology sectors. margin: 0 45px; We are confident that this strategic transaction will maximize the potential of our Content segment, while allowing us to strengthen our balance sheet and focus on growth opportunities at our Telecom business.. Univision CEO Wade Davis assumes the role of CEO of TelevisaUnivision, Inc. The close of our transaction marks a historic moment for our company and our industry,said Davis in a statement. The new entity, which will be known as Televisa-Univision, will be the worlds largest Spanish-language media company. Univision was the only company to deliver both fourth quarter and full year ratings growth while the majority of the industry saw ratings declines in the double digits. Julho/2002 Joo Pessoa - PB. Abans de l'inici de la temporada de la NFL, mitjans de comunicaci de tot el pas font-weight:500; 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. 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 new company will be led by CEO Wade Davis, with Alfonso de Angoitia serving as executive chair of the board. Get the scoop from strategic media pros at Disney, YouTube and more just in time for upfront season at Convergent TV, March 2122. The transaction was partially financed by a $1-billion investment series led by the SoftBank Latin America Fund with participation from Google, Raine Group and Davis firm, ForgeLight, and $2.1 billion of debt commitments arranged by J.P. Morgan. The new entity, known as T We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. Which Dollar Store, If Any, is Worth Your Investment Dollars? Televisas content assets will be contributed for approximately $4.8 billion. We are combining two iconic and market-leading companies that have a rich, shared history and an incredible portfolio of assets. Across television, digital, streaming, and audio, the Company reaches over 100 million Spanish speakers every day, holding leading positions in both markets. }. The close of our transaction marks a historic moment for our company and our industry, said TelevisaUnivision CEO Wade Davis. Univision is ready to make a splash at its first upfront as part of TelevisaUnivision. Fed's Shocking New Plan to Control Your Money. 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, Televisa said in a press statement. Grupo Televisa and Univision Holdings II, Inc. (together with its wholly-owned subsidiary, Univision Communications, have confirmed the completion of the $4.8 billion (4.3bn) transaction between Televisa's media content and production assets and Univision. Univision had signed deals with Eugenio Derbez and Selena Gomez in anticipation of the streaming launch, which will also leverage Televisas significant library to total more than 300,000 hours of content. Para ms informacin, visiten www.raine.com. Our new investors at the SoftBank Latin America Fund, Google and The Raine Group are just as excited about the opportunities presented by this combination., This transformative combination brings together the leading network serving U.S. Spanish-language audiences with the leading media platform in Mexico powered by the most powerful Spanish-language content engine in the world, said Univision CEO Wade Davis. Confiamos en que esta transaccin estratgica maximizar el potencial de nuestro segmento de contenidos, al mismo tiempo que nos permitir fortalecer nuestro balance y enfocarnos en oportunidades de crecimiento en nuestro negocio de telecomunicaciones.. View Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? Univision and Televisa first announced the merger in April 2021. La empresa resultante contar con la ms extensa videoteca de contenido de formato largo en el mundo, una slida cartera de propiedad intelectual y derechos internacionales a la trasmisin de deportes, respaldados por la ms prolfica infraestructura de produccin en espaol. All Rights Reserved. Here's 3 Dividend Stocks That Pay Monthly, View Joby Aviation Stock Preps For Takeoff, View 3 Lithium Stocks Powering Up For Big 2023 Gains. It was the right moment, and the right people to do it with.. 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. Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to The Raine Group. Televisas top three programmes during 2021 had audiences between 63 per cent and 73 per cent higher than the top-rated programmes of its closest competitor. As a result of the significant equity infusion and enhanced profitability of the Company, Televisa-Univisions net debt leverage ratio is expected to decline by over 2.0x to approximately 5.0x, when accounting for run-rate revenue and cost synergies of $200 to $300 million. 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%. Under terms of the sweeping . And one small company is building them for the Pentagon! 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Ready for Tolkien Battle, How the Landscape of Native-Led Stories Has Changed Between Avatars: Were Flexing Our Sovereignty, The Definitive Voice of Entertainment News. Over the past year both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years. They will merge their media, content and production assets into a new company, Televisa-Univision, in a $4.8 billion deal, the companies said today. In the United States, Televisas audiovisual content is distributed through Univision Communications Inc. (Univision), a leading media company serving the Hispanic market. Con un alcance mundial, Raine se enfoca en oportunidades de inversin y asesora en las que su gran experiencia en el sector y singular red de relaciones estratgicas pueden generar valor para las empresas y clientes de su cartera. MEXICO CITY (AP) Grupo Televisa, Mexico's largest television network, announced Tuesday it is merging with U.S. Spanish-language broadcaster Univision to form what they called the "definitive global leader in Spanish-language media." The new company will be known as TelevisaUnivision. 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. Real-time analyst ratings, insider transactions, earnings data, and more. ANEEL e a Descentralizao. The Televisa deal is expected to close later this year. 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. 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. With the largest and most iconic original Spanish content library in the world and access to SoftBanks global tech ecosystem, we will help transform the new company into the leading Spanish-language multi-platform digital media company and one of the most important OTT service providers in the world, said Marcelo Claure, Chief Executive Officer of SoftBank Group International and board member of Univision. Menos de 10% de los hispanohablantes actualmente usan un producto de video primero en internet (over the top u OTT), mientras que en el mercado en ingls, casi 70% de la poblacin tiene por lo menos un servicio de streaming. It's a done deal. This press release contains forward-looking statements based on the current expectations of ForgeLight LLC, Grupo Televisa, S.A.B., The Raine Group LLC, SoftBank Group Corp. and Univision Holdings, Inc. A member of the Company Town team for two decades, James specializes in covering television, corporate media and investigative projects. We use cookies to ensure that we give you the best experience on our website. La influencia y el alcance de estos activos de contenido no tienen par. Univision and Televisa will henceforth be known as TelevisaUnivision, Inc., now the worlds leading Spanish-language media and content company. Los sucesos o resultados reales que se obtengan podran variar considerablemente de estas estimaciones, por motivos que incluyen pero no se limitan a: sucesos y condiciones econmicos y polticos; incertidumbre en los mercados financieros internacionales; el impacto de la pandemia del COVID-19; cambios en la tasa de inflacin; cambios en la tasa de inters; el impacto de leyes y normas actuales, cambios a estos o la imposicin de leyes y normas nuevas que afecten nuestras empresas, actividades e inversiones; cambios en la demanda de los clientes; y los efectos de la competencia. 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. border-bottom: 1px solid #ddd; Andrea Navarro. Televisa and Univision secure all regulatory approvals for $4.8 billion content merger. As a part of the agreement, Televisa will retain ownership of izzi Telecom, Sky, and other businesses, as well as the main real estate associated with the production facilities, the broadcasting licenses and transmission infrastructure in Mexico. Televisa will use the proceeds received from Univision primarily to pay down debt, while continuing to pursue growth opportunities and strengthen its leading position through ongoing investments at its core businesses. It will be managed by Univision Chief Executive Wade Davis, a former top Viacom executive who put together the investor group that purchased Univision late last year from a consortium of U.S. private equity firms. 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. Why Netflix is dabbling in livestreaming, How strong is Dominions defamation case against Fox News? The New York Times Reports: "No existing defense can stop it." The historic merger represents a dramatic retrenchment for media scion Emilio Azcrraga Jean, whose family has long been among Mexico's powerbrokers because of its ownership of Televisa and its. Legal experts weigh in, ChatGPT who? color: #ddd; Cleary Gottlieb Steen & Hamilton LLP se desempe como asesor legal de SoftBank Latin America Fund. 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. } 1 dividend stock for a LIFETIME of income. "Televisa-Univision will emerge as the leading global Spanish-language multi-media company, uniquely positioned to capture the significant market opportunity for Spanish speakers worldwide,". ForgeLight opera directamente o presta apoyo operativo especial a sus compaas. Univision and Televisa announced their merger plans last April, and the goal of launching a global streaming service shortly thereafter. 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. Under the terms of the deal, 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%. Llamadas desde Estados Unidos: +1 (833) 353-0403, Llamadas internacionales: +1 (630) 652-5765. Los activos de contenido de Televisa se aportarn a cambio de aproximadamente $4.8 mil millones. ForgeLight LLC, Grupo Televisa, S.A.B., The Raine Group LLC, SoftBank Group Corp. and Univision Holdings, Inc. undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Televisa posee una participacin mayoritaria en Sky, un sistema lder de televisin de paga directa al hogar va satlite y proveedor de banda ancha que opera en Mxico, la Repblica Dominicana y Centroamrica. Miami-based Univision, which has long relied heavily on Televisas low-cost telenovelas to fill its prime-time schedule, also faces increased competition from Telemundo, which is owned by NBCUniversal, as well as English-language channels, YouTube and streaming services. Alfonso de Angoitia will serve as Executive Chairman of the TelevisaUnivision Board and Marcelo Claure will become Vice Chairman of the Board. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Televisa depicted the nearly 600 million Spanish-language speakers speakers across the world as a relatively untapped market, noting less than 10% of the Spanish speaking population currently use an OTT video product, compared with the English language market where nearly 70% of the population has at least one streaming service.. This has always been the ultimate goal, and we finally accomplished it, Televisa co-CEO Alfonso de Angoitia said in an interview. The power and scope of these content assets are unmatched. Univision has long been tethered to Televisa through a long-term programming rights agreement. contact@marketbeat.com When the deal is completed, the Azcrraga family will relinquish its controlling stake but the family will gain a significant piece of a U.S.-based company. recently launched streaming service PrendeTV, From Chris Rock to the SAG Awards. Together, Televisa-Univision can more aggressively pursue innovation and growth through digital platforms as the industry continues to evolve.. Univision and Televisa first announced the merger in April 2021. Univision and Televisa have come to terms on a merger agreement, a long-awaited deal that will create a Spanish-language TV giant with broad reach in Mexico and the U.S. font-size: 34px; Under the terms of the agreement Univision will pay $3 billion in cash, $750 million in Univision common equity and $750 million in Series B preferred equity to acquire Televisa's assets. Over the past year both companies have transformed themselves, reaching levels of financial performance and audience resonance that has not been seen for years. Univision, led by Davis, has refreshed its executive team with media veterans, including former Turner ad sales chief Donna Speciale, and former Telemundo executive Luis Silberwasser. 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