VIACA - ViacomCBS buying Chilevisión from WarnerMedia

ViacomCBS ([[VIAC]] -3.1%, [[VIACA]] -2.2%) global unit ViacomCBS Networks International has agreed to acquire Chilevisión from WarnerMedia (T +0.6%). Financial terms weren't disclosed, though the purchase is being paid out of ViacomCBS cash on hand. The deal marks another asset shed by WarnerMedia and an expansion of the VCNI footprint in Latin America. It includes Chilevisión's free-to-air network, and also boosts VCNI's streaming business with a new premium content library to feed the need for Spanish-language content across platforms including Paramount Plus and Pluto TV. Chilevisión attracted approximately 24% of viewership in 2020.

For further details see:

ViacomCBS buying Chilevisión from WarnerMedia