Wade Davis de Univision
Grupo Televisa, S.A.B, and Univision Holdings II, Inc. announced the completion of the transaction between Televisa’s media content and production assets and Univision.
The new company, which is named TelevisaUnivision, Inc., 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.
“The close of our transaction marks a historic moment for our company and our industry. 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 have not been seen for years. The power and momentum of the transformed core business are 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,” said Wade Davis, CEO of TelevisaUnivision.
“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. 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,” said Alfonso de Angoitia, Executive Chairman of the TelevisaUnivision Board of Directors.
