ViacomCBS Networks International (VCNI) has entered into a definitive agreement to acquire a controlling stake in Spanish-language content producer Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company and the group’s founding family.
VIS of ViacomCBS International Studios, a division of VCNI, will operate Fox TeleColombia & Estudios TeleMexico in a collaborative partnership with the family. Samuel Duque Rozo, founder and CEO of the company, will continue to exclusively support the company from a position of creative and strategic advisor, and Samuel Duque Duque, current president, will lead the company.
Within ViacomCBS, Fox TeleColombia & Estudios TeleMexico will report to Juan Acosta, President of ViacomCBS International Studios and Networks Americas.
The transaction is subject to regulatory approval and customary closing conditions.
The deal will give VCNI access to Fox TeleColombia & Estudios TeleMexico’s studio operations in Colombia and Mexico, as well as library content, which includes entertainment spanning multiple genres, including premium series, telenovelas, movies, documentaries, unscripted, children and family, branded and digital content and live sports broadcasts produced for various audiences.
This content will be used to feed ViacomCBS ‘global streaming platforms, including Paramount + and Pluto TV, and its linear networks around the world.
Fox TeleColombia & Estudios TeleMexico will also be called upon to strengthen ViacomCBS Spanish content production capacities in order to capitalize on the demand for content in the region and globally.
ViacomCBS believes that the transaction, combined with VCNI’s existing portfolio in Latin America, which includes the studio activities of VIS and broadcasters Telefe in Argentina and Chilevisión in Chile, will position it as one of the leading Spanish content production companies. in the world.
“The acquisition of Fox TeleColombia & Estudios TeleMexico, combined with ViacomCBS’s existing Spanish-language portfolio, including Telefe and Chilevisión, strengthens the company’s position as the world’s leading producer of Spanish-language content. This content will fuel the global ViacomCBS ecosystem through Paramount +, Pluto TV and its linear networks, ”said Raffaele Annecchino, President and CEO of ViacomCBS Networks International.
Duque Rozo said: “This announcement is very enriching and I am very honored that Fox TeleColombia & Estudios TeleMexico continues to expand and grow in the hands of such an incredible company as ViacomCBS and its talented and visionary leaders. 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 bring nothing less than the best. for both companies.