ViacomCBS Networks International (VCNI) has wrapped up the acquisition of Chilevisión from WarnerMedia.
Announced in April, the acquisition comes as part of a greater push from ViacomCBS into Latin America and streaming.
Chilevisión is the market-leading FTA TV network, and attracted approximately 24% of the country’s total television viewership in 2020.
The deal also includes the broadcaster’s library of content including sports, entertainment and news.
The company described the acquisition as a ‘valuable marketing vehicle’ for VCNI’s Spanish-language business.
The network falls under the leadership of ViacomCBS International Studios and Networks Americas president Juan ‘JC’ Acosta, with well-known local TV executives Darío Turovelzky and Juan Ignacio Vicente to oversee the day-to-day running of the broadcaster. Terms of the deal are undisclosed.
Raffaele Annecchino, President and CEO, ViacomCBS Networks International, said: “Our investment in Chilevisión strategically expands ViacomCBS’ global ecosystem, strengthening our position as a leading Spanish-language content producer.
“As we rapidly grow our streaming services worldwide, we’ve seen the power our free-to-air channels like Telefe in Argentina, Network 10 in Australia, and Channel 5 in the UK have to fuel Paramount+ and Pluto TV. Spanning every platform and price point, our diversified ecosystem is what continues to set ViacomCBS apart in the streaming landscape as we drive subscribers across our platforms and connect audiences with more premium, original content.”
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