VIAC - ViacomCBS takes control of former Fox Spanish-language producer

ViacomCBS (VIAC +0.1%, VIACA +0.7%) has closed its deal to take a majority interest in Fox TeleColombia & Estudios TeleMexico, from the founding family and from Walt Disney (NYSE:DIS). Terms weren't disclosed. Its unit ViacomCBS Networks International closed on the holding, and its VIS studio will operate Fox TeleColombia & Estudios TeleMexico in collaboration with the family, with Samuel Duque Duque leading the business. The deal pairs the new acquisitions with an existing Spanish-language portfolio including Telefe and Chilevisión. It garners ViacomCBS access to studio operations and hours of library content for its global streaming platforms as well as worldwide linear television. In Nielsen's most recent look at market share of TV time, broadcast television has pulled even with streaming (though they both trail cable in share of time).

For further details see:

ViacomCBS takes control of former Fox Spanish-language producer