Grupo Televisa reaches content licensing agreement with Netflix for Latin America

Grupo Televisa announced this Tuesday that it reached a multi-year content licensing agreement with Netflix, the world’s leading Internet subscription service for movies and TV shows.Under the terms of this agreement, Televisa will make around 3,000 hours, annually, of novelas, series, and other general entertainment programming from its extensive library available to Netflix on a non-exclusive basis. As part of the agreement, current content will be made available to Netflix one year after it airs on TV.This agreement will increase the availability of Televisa programming in Latin America, Brazil and the Caribbean, where Netflix has announced its plan to launch subscription streaming by the end of the year. The content licensing agreement does not include the United States. The agreement with Netflix is an important first step in Televisa’s plan to monetize its library of over 50 thousand hours of content via digital distribution.