ViacomCBS will expand its Spanish language efforts after reaching an agreement to acquire a controlling stake in Fox TeleColombia & Estudios TeleMexico from its founding family and Disney.
The acquisition will allow VCNI rights to thousands of hours of Spanish-language programming in one fell swoop, including scripted series, telenovelas, films, documentaries, unscripted, kids and family.
This will be used to power ViacomCBS ‘global streaming platforms, including Paramount + and Pluto TV, as well as its global linear networks.
Expansion of production
The deal, which was reached through the US media giant’s ViacomCBS Networks International (VCNI) division, will also expand its Spanish-language production capabilities by giving it access to Fox TeleColombia & Estudios TeleMexico’s studio operations in Colombia and Mexico. .
ViacomCBS, which already owns Telefe in Argentina and recently completed the acquisition of Chilevisión in Chile, will operate Fox TeleColombia & Estudios TeleMexico through its branch ViacomCBS International Studios (VIS) and as part of a “collaborative partnership” with its founding family .
The deal marks a new step in ViacomCBS’s attempts to expand its reach into Latin America, where it already operates free-to-air broadcasters Telefe and Chilevisión, alongside regional versions of its pay-TV networks such as MTV, Nickelodeon and Comedy Central. It also launched the Paramount + streamer in the region earlier this year, as well as the FAST Pluto TV service.
Production interests include regional production centers of ViacomCBS International Studios, YouTube Porta dos Fundos.
Samuel Duque Rozo, Founder and CEO of Fox TeleColombia & Estudios TeleMexico, will retain a “creative and strategic advisory position”, with President Samuel Duque Duque at the helm of the company, who will report to JC Acosta, President of ViacomCBS International Studios and Americas Networks.
Raffaele Annecchino, President and CEO of VCNI, said the agreement “would strengthen the company’s position as the world’s leading producer of Spanish content”.
Duque Rozo added: “The extraordinary work that our team has done over all these years, combined with the vision of ViacomCBS, iconic brands, experience, professionalism, creativity among many others, will not bring nothing short of the best for both companies.
Financial details were not disclosed and the deal remains subject to regulatory approval.