28 OCT 2021

ViacomCBS to acquire majority interest in Fox Telecolombia & Estudios Telemexico

ViacomCBS Networks International has entered into a definitive agreement to acquire a majority stake in Spanish language content producer Fox TeleColombia & Estudios TeleMexico from its founding family and Disney.

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ViacomCBS announced that ViacomCBS Networks International (VCNI) has entered into a definitive agreement to acquire a majority stake in Spanish language content producer Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company and the founding family of Fox TeleColombia & Estudios TeleMexico. ViacomCBS International Studios, a division of VCNI, will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founding family. The transaction is subject to regulatory approval and customary closing conditions.

Through this transaction, VCNI will gain access to Fox TeleColombia & Estudios TeleMexico’s studio operations in both Colombia and Mexico, as well as many hours of library content, which is comprised of multifaceted entertainment spanning multiple key genres including premium series, telenovelas, films, documentaries, unscripted, kids and family, branded and digital content and live sports shows produced for various audiences. This content will fuel ViacomCBS’ global streaming platforms including Paramount+ and Pluto TV, and its linear networks around the world. Fox TeleColombia & Estudios TeleMexico will also bolster ViacomCBS’ Spanish language content production capabilities to capitalize on significant content demand in the region and worldwide.

“The acquisition of Fox TeleColombia & Estudios TeleMexico, combined with ViacomCBS’ existing Spanish-language portfolio including Telefe and Chilevisión, reinforces the company’s position as a leading worldwide producer of Spanish-language content. This content will fuel ViacomCBS’ global ecosystem across Paramount+, Pluto TV and its linear networks,”  said Raffaele Annecchino, President and CEO of ViacomCBS Networks International.

Samuel Duque Rozo, Founder and CEO of Fox TeleColombia & Estudios TeleMexico, stated: “This announcement is very fulfilling and I feel very honored that Fox TeleColombia & Estudios TeleMexico will continue its expansion and growth in the hands of such an amazing company as ViacomCBS and its talented and visionary executives. The extraordinary work that our team has made during all these years, combined with ViacomCBS’ vision, iconic brands, experience, professionalism, creativity among much more, will bring nothing less but the best for both businesses”.

Samuel Duque Rozo, Founder and CEO of the company, will continue to exclusively support the business from a creative and strategic advisory position, and Samuel Duque Duque, current President, will lead the business. Fox TeleColombia & Estudios TeleMexico will fall under the remit of Juan Acosta, President of ViacomCBS International Studios and Networks Americas.

This acquisition, combined with ViacomCBS’ existing Spanish-language portfolio including Telefe and Chilevisión, reinforces the company’s position as a leading worldwide producer of Spanish-language content” Raffaele Annecchino President and CEO of ViacomCBS Networks International