Televisa Posts Big 2Q Miss On Univision Joint-Venture Drop, Satellite Disconnections
Grupo Televisa reported a more than 95% slide in quarterly net profit on Tuesday as the broadcaster’s income from its joint venture with Univision slipped and satellite TV unit Sky saw increased disconnections. TelevisaUnivision, a firm that combines content with U.S. broadcaster Univision, saw net income drop in the first half of the year, Televisa said. TelevisaUnivision has rolled out a subscription-based streaming platform, ViX+, which has aimed to compete with established rivals such as Netflix and Amazon’s Prime Video.
The new entity, known as TelevisaUnivision Inc., builds on a previous production alliance created by the companies as they looked to fend off a rising number of rivals aiming at Hispanic viewers in the age of streaming. As of the merger close, the company claims reach to more than 60% of TV audiences in both the U.S. and Mexico. Across television, digital, streaming and audio, the company says its audience is more than 100 million Spanish speakers daily.
The new team will manage the combined global operations upon the closing of Televisa-Univision merger.
The Spanish language television giant is in the midst of significant change. Not six months into new ownership and a new CEO (former Viacom CFO Wade Davis), the company announced a larger merger with the Mexican TV giant Televisa and plans to go global in the streaming video space.
The Spanish-language broadcaster issued preliminary first quarter results that indicates $1.36 billion in available liquidity for “potential financing transactions” around a pending deal to create a Spanish-language media powerhouse.
Exclusives
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. The deal calls for Televisa to contribute its media, content and production assets and a handful of networks to a new entity to be known as Televisa-Univision. Televisa’s assets are valued at $4.8 billion. The new company will be led by Univision CEO Wade Davis, who headed the investor group that acquired Univision in early 2020.
Some of the top creative minds at Mexican broadcaster Televisa are puzzling over an unexpected challenge: crafting their signature soap operas without a single love scene, or even a tender kiss.
Univision Communications and Televisa today announced a distribution arrangement that would make a Univision-branded linear television channel available across the region in early 2020. The 24-hour pay TV channel will […]
Mexican broadcaster Grupo Televisa won an injunction against Disney’s acquisition of 21st Century Fox’s assets in Mexico, but Mexico’s market regulator said on Thursday that the ruling would not stall the deal.
The largest multimedia operation in the Spanish-speaking world is currently undertaking a major technical upgrade based around IP-based mixing and routing systems from German broadcast technology innovator, Lawo. Mexico’s Televisa […]
ALBUQUERQUE, N.M. (AP) — A television personality for the Mexican-based Televisa network is facing strong criticism after dressing up in “brownface” and wearing a prosthetic nose to make fun of […]
Televisa, the largest mass media company in Hispanic America, has purchased 25 JVC ProHD Wireless Bridge bonded voice-over-IP units to transmit live ENG field reports from 21 different markets throughout Mexico. The […]
The departure of Televisa’s controlling shareholder, Emilio Azcárraga, is a step toward remaking the company to deal with the increasing fragmentation of Mexico’s media audience.
Univision executive Lee continues his meteoric ascent at the company in a move to streamline content production across both Univision and Televisa. Televisa has a 40% stake in Univision that could rise to 49% with Univision’s IPO.
The Spanish-language TV group is saddled with huge debt and under challenge from NBC-owned Telemundo. Its supplier of telenovelas, Televisa, is out to take control of the company.
The Spanish-language TV group is saddled with huge debt and under challenge from NBC-owned Telemundo. Its supplier of telenovelas, Televisa, is out to take control of the company.
A seismic shift in young Hispanics’ television tastes is testing Univision’s 24-year marriage to its longtime programming supplier, Mexican TV giant Grupo Televisa, a relationship that helped fuel the rise of Hispanic media in the U.S.
Move over Netflix. Mexican media giant Televisa is pitting itself against the leading OTT in the region with the launch Monday of Blim, its new streaming video-on-demand service available across Mexico and Latin America, with the exception of Portuguese-speaking Brazil.
MEXICO CITY (AP) — Mexico’s longest-running TV show is set to end, marking the demise of a strange genre of Mexican TV comedy that featured adults — often very old […]
In a bid to tap the burgeoning English-speaking Hispanic market in the U.S. and around the world, Mexican media giant Televisa has moved to co-produce a host of English-language TV productions with Canada, starting with spy thriller series Duality starring Dougray Scott (Hemlock Grove, Desperate Housewives, Taken 3). Televisa will offer the debut series at Mipcom.
The media giant says its decision comes in the wake of “disrespectful” remarks by Donald Trump that the company says offended the entire Mexican population.
Pay TV Boosts Televisa’s 4Q And 2014
Mexico’s Televisa, the world’s largest provider of Spanish-language content, maintained on Monday the 1.2% stock surge it saw late last week as it announced better-than-expected fourth-quarter and full-year 2014 results.
Televisa president Emilio Azcarraga said his network has plans to launch an English-language channel with its U.S. partner Univision and ABC News.
