Univision Communications Grupo Televisa
Two of the biggest Spanish-language media companies have announced a merger plan. Univision Communications and Grupo Televisa are said to combine their media, production, and content. The new company will be called Televisa-Univision, the companies jointly announced the decision. The process had started last year with the ownership change at Univision and it has now been formalized. After the merger, the new entity will become the largest Spanish language company in the world. According to a person familiar with the development, the new entity will be managed by Univision Chief Executive Wade Davis. The person also said that the deal is likely to be closed later this year.
Davis said that there has never been a Spanish-language media company that was truly global. “Even Univision and Televisa were relegated to their own geographic regions. And this makes the move breathtaking. Especially considering the sizeable audience of the global Spanish language and its marketplace,” Davis was quoted as saying in a report. The new service of Univision also provides live streaming to Univision and UniMas. They are over the air broadcast TV networks of the company. Univision is looking to give a push to its streaming services by using the worldwide recognition of Televisa. Also, the company has a huge vault of Spanish-language programme that Univision can use in the Mexican market and even in the US and abroad.
Univision and Televisa have borrowed a page from the playbook of the Walt Disney Co. It is one of the world’s largest producers and providers of entertainment and information. The company had acquired Rupert Murdoch’s 21st Century Fox entertainment two years ago. The deal was worth USD 71 billion. The company was betting on the bulk up on programming. It wanted to take on Netflix by acquiring a majority stake in the Hulu streaming service. Televisa and Univision are now looking to help each other by announcing this multi-billion deal. But Televisa is struggling to adapt to the streaming culture. Despite creating over 86,000 hours of content, it failed to connect with the young audience. The company is now hoping to change things as it already has valuable rights to sports and special events.
Introduction The global Epoxy Composites Market is poised for robust growth, expected to expand from…
Introduction The global Hydrotreating Catalyst Market is experiencing significant growth and is projected to reach…
Introduction The global Phosphates Market is poised for steady growth, with its size expected to…
Introduction The global Redispersible Polymer Powder Market is projected to experience significant growth over the…
Introduction The global Market for Copper Clad Laminates (CCL) is poised for substantial growth, with…
Introduction The global Cosmetic Emulsifier Market is anticipated to expand significantly from USD 712 Million…
Introduction The global Water Clarifiers Market is projected to expand from USD 7.4 Billion in…
Introduction The global Particle Board Market, valued at USD 24.2 Billion in 2023, is anticipated…
Introduction According to Market.us, The global Trenchless Pipe Rehabilitation Market is poised for significant expansion,…
Introduction The global Geohazard Market, focused on assessing and mitigating geological risks such as earthquakes,…
Introduction The Global Non-Alcoholic Tequila Market is poised for significant growth, anticipated to expand from…
Introduction The global Butyl Methacrylate (BMA) Market, with its broad scope of application across key…
Introduction The global Bio-Butanol Market is set for significant expansion, with projections suggesting growth from…
Introduction The global Hybrid Composites Market is poised for robust growth, projected to expand from…
Introduction The Polyhydroxyalkanoate (PHA) Market is poised for substantial growth over the next decade, driven…
Introduction The PMMA Recycling Market is poised for significant expansion from 2023 to 2033, with…
Introduction The Global Reflective Polarizing Films Market is poised for substantial growth, projected to expand…
Introduction The Mexico Biostimulants Market, valued at USD 48 Million in 2023, is projected to…
Introduction The global Nylon Market, valued at USD 34.3 Billion in 2023, is poised for…
Introduction The global Acrylic Acid Market, valued at approximately USD 13.5 Billion in 2023, is…