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This marks the launch of the first large-scale streaming service specifically targeting the global Spanish-speaking population. Ampere Analysis indicates that TelevisaUnivision is the third-largest commissioning group of upcoming Spanish-language titles.

Discovery’s CFO, Gunnar Wiedenfels, confirmed the strategy during the "Deutsche Bank 30th Annual Media, Internet & Telecom Conference" that Discovery is making preparations to combine the two streamers, marking the first time the company has actually revealed its post-merger strategy.

The acquisition is expected to close early in the second quarter of 2022, subject to other customary closing conditions, with Discovery Chief Executive David Zaslav leading the new Warner Brothers Discovery.

This move makes good on the promise to fans that the merger of Funimation and Crunchyroll would bring together the previously separate services into a single subscription.

The sale of TFX would be tied into the proposed merger between the TF1 and M6 groups announced on 17 May 2021.