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Through this restructuring decision, the company hopes to expand its capacity to produce original content. The conglomerate will now be organized into four divisions, including Global Studios, Entertainment and Content Strategy, Network News and Sports.

The four sessions that made up the event's third day featured speakers from Tubi, Telemundo, Univison, Quibi, among others, who spoke about AVOD growth, monetization and distribution tactics, and the importance of news.

The network received double-to-triple digit audience advantages over Telemundo for the entire night at 155%, with 123% for adults aged 18-34, 60% for adults 18-49, and a general 47%. 

Ferrari will be responsible for the company's media portfolio, which includes the Telemundo broadcast network, a studio arm, and 30 local stations.

The multiyear deal with NBCUniversal Telemundo Enterprises includes rights to all Chivas home games across all of the network's platforms.