{"id":470984,"date":"2021-04-05T13:23:30","date_gmt":"2021-04-05T17:23:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470984"},"modified":"2021-04-05T13:23:30","modified_gmt":"2021-04-05T17:23:30","slug":"viacomcbs-networks-international-vcni-agrees-to-acquire-chilevision","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/viacomcbs-networks-international-vcni-agrees-to-acquire-chilevision\/","title":{"rendered":"ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n"},"content":{"rendered":"

<\/p>\n

ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n<\/b><\/p>\n

Combined assets support ViacomCBS Global Streaming Strategy via robust library and original content, advanced production capabilities, and consumer reach <\/i><\/p>\n

The Acquisition Will Complement VCNI\u2019s Portfolio in the Southern Cone of Latin America<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that ViacomCBS Networks International (VCNI) has agreed to acquire Chilevisi\u00f3n from WarnerMedia, a division of AT&T (NYSE:T).\n<\/p>\n

\nThrough the transaction, VCNI 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. The acquisition will benefit consumers and partners by offering even more diverse entertainment options across premium, pay and free platforms.\n<\/p>\n

\nThe deal will strengthen and expand VCNI\u2019s presence in the Southern Cone of Latin America by creating an aligned commercial, content and distribution strategy. The acquisition will include Chilevisi\u00f3n\u2019s market leading free-to-air (FTA) television network, which will complement VCNI\u2019s global content offering. Chilevisi\u00f3n attracted approximately 24* percent share of viewership in 2020. (*2020 SOV from IBOPE (FTA, total households, 6am-2am<\/i>).<\/i><\/p>\n

\nChilevisi\u00f3n\u2019s library is comprised of substantial content spanning multiple genres including sports, entertainment, and news, and it has vast production capabilities. These attributes, in combination with Chilevisi\u00f3n network\u2019s reach, and a windowing strategy of its content pipeline through free, paid, and premium, will serve as a valuable marketing vehicle for VCNI\u2019s streaming platforms in the region, and expand VCNI\u2019s studio and linear presence in the region.\n<\/p>\n

\n\u201cLatin America is one of the world\u2019s fastest-growing streaming markets, and Chilevisi\u00f3n will be a key driver of our accelerated streaming strategy in the region,\u201d said Raffaele Annecchino, President and CEO, ViacomCBS Networks International. \u201cChilevisi\u00f3n is an extraordinary addition to our existing business in Latin America and will fortify ViacomCBS\u2019s position as a premier Spanish language content producer.\u201d\n<\/p>\n

\nChilevisi\u00f3n will fall under the leadership of Juan \u201cJC\u201d Acosta, President of ViacomCBS International Studios and Networks Americas. The acquisition joins the ViacomCBS Americas portfolio, which includes the premium SVOD service, Paramount+; top FAST service Pluto TV; Nickelodeon\u2019s interactive learning service for preschoolers, Noggin; ViacomCBS International Studios production hub; FTA broadcaster Telefe; more than 10 branded pay TV networks, including MTV, Nickelodeon, Nick Jr. and Comedy Central, among others; multiple on-the-ground events and experiences; and an extensive consumer products catalogue. VCNI Americas has offices in Canada, Mexico, Brazil, Argentina and Colombia.\n<\/p>\n

\nThe purchase price of the acquisition will be financed by ViacomCBS\u2019s existing cash balances. The transaction is subject to customary regulatory approvals and closing conditions. Financial terms of the transaction were not disclosed.\n<\/p>\n

ViacomCBS Networks International (VCNI)<\/span><\/b><\/p>\n

\nViacomCBS Networks International (VCNI), a unit of ViacomCBS Inc. (NASDAQ: VIAC), is comprised of many of the world\u2019s 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 PlutoTV, and ViacomCBS International Studios, among others. In addition to offering innovative streaming services and digital video products, ViacomCBS Networks International provides powerful capabilities in production, distribution and advertising solutions for partners on five continents and across more than 180 countries.\n<\/p>\n

About WarnerMedia<\/span><\/strong><\/p>\n

\nWarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content from a diverse array of talented storytellers and journalists to global audiences through its consumer brands including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others. The organization also includes Xandr\u2019s suite of advanced advertising solutions designed to help to improve advertising for brands, publishers, and consumers.\n<\/p>\n

\nWarnerMedia is part of AT&T Inc. (NYSE:T).\n<\/p>\n

\nVIAC-IR\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210405005369\/en\/<\/a><\/span><\/p>\n

ViacomCBS Networks International:
\n<\/span><\/b>
Kate Laverge
\n
Senior Vice President, Communications
\n
1-347-754-1677
\n
kate.laverge@viacom.com<\/a><\/p>\n

\nAshley Priest
\n
Director, Communications
\n
1-646-285-6081
\n
Ashley.priest@viacom.com<\/a><\/p>\n

Investors:
\n<\/b>
Anthony DiClemente
\n
Executive Vice President, Investor Relations
\n
(917) 796-4647
\n
anthony.diclemente@viacomcbs.com<\/a><\/p>\n

\nJaime Morris
\n
Vice President, Investor Relations
\n
(646) 824-5450
\n
jaime.morris@viacomcbs.com<\/a><\/p>\n

\nRobert Amparo
\n
Manager, Investor Relations
\n
(347) 223-1682
\n
robert.amparo@viacom.com<\/a><\/p>\n

Warner Media
\n<\/b>
Caroline Rittenberry
\n
Vice President, Communications
\n
1-404-510-1035
\n
Caroline.rittenberry@warnermedia.com<\/a><\/p>\n

KEYWORDS:<\/b> New York Chile United States South America North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Satellite Networks Internet TV and Radio Online General Entertainment Technology Entertainment<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n Combined assets support ViacomCBS Global Streaming Strategy via robust library and original content, advanced production capabilities, and consumer reach The Acquisition Will Complement VCNI\u2019s Portfolio in the Southern Cone of Latin America NEW YORK–(BUSINESS WIRE)– ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that ViacomCBS Networks International (VCNI) has agreed to acquire Chilevisi\u00f3n from WarnerMedia, a division of AT&T (NYSE:T). Through the transaction, VCNI 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. The acquisition will benefit consumers and partners by offering even more diverse entertainment … <\/p>\n

Continue reading “ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470984","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/viacomcbs-networks-international-vcni-agrees-to-acquire-chilevision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ViacomCBS Networks International (VCNI) Agrees to Acquire Chilevisi\u00f3n Combined assets support ViacomCBS Global Streaming Strategy via robust library and original content, advanced production capabilities, and consumer reach The Acquisition Will Complement VCNI\u2019s Portfolio in the Southern Cone of Latin America NEW YORK–(BUSINESS WIRE)– ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced that ViacomCBS Networks International (VCNI) has agreed to acquire Chilevisi\u00f3n from WarnerMedia, a division of AT&T (NYSE:T). Through the transaction, VCNI 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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