Connect with us

International

ViacomCBS Networks International (VCNI) Agrees to Purchase Kilivision

Avatar

Published

on


NEW YORK–(WIRE BUSINESS) – ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced today that ViacomCBS Networks International (VCNI) has agreed to acquire Chilevis from WarnerMedia, an AT&T division (NYSE: T).

Through the transaction, VCNI further expands its Latin American footprint and strengthens its streaming business with a new premium content library and pipeline to supply growing demand for Spanish-language content across platforms including Paramount + and Pluto TV. The purchase will benefit customers and partners by offering even more diverse entertainment opportunities on premium, pay and free platforms.

The agreement will strengthen and expand the presence of VCNIs in South Latin America by creating a commercial, content and distribution strategy. The acquisition will include the market-leading Chilevisins free on-air television network (FTA), which will complement VCNI’s global content offering. Chilevisin attracted approximately 24 * percent of viewership in 2020. (* 2020 SOV from IBOPE (FTA, total family, 6 am to morning)).

The Chilevisins Library consists of considerable content that spans multiple genres including sports, entertainment, and news, and has great productive capabilities. These attributes, combined with the achievement of Chilevis networks, and a free, paid, and premium content pipeline opening strategy, will serve as a valuable marketing tool for VCNI broadcast platforms in the region and will expand VCNIs studio and linear presence in Region.

Latin America is one of the worlds fastest growing markets in the world, and Chilevisin will be a key driver of our accelerated broadcasting strategy in the region, said Raffaele Annecchino, President and CEO of ViacomCBS Networks International. Chilevisin is a tremendous addition to our existing Latin American business and will strengthen ViacomCBSs’s position as a leading Spanish language content producer.

Chilevisin will fall under the leadership of Juan JC Acosta, President of ViacomCBS International Studios and Networks Americas. The acquisition joins ViacomCBS Americas portfolio, which includes SVOD premium service, Paramount +; fast FAST Pluto TV service; Nickelodeons interactive learning service for preschoolers, Noggin; ViacomCBS International Studios Production Center; FTA Transmitter Telefe; more than 10 branded pay-TV networks, including MTV, Nickelodeon, Nick Jr. and Comedy Central, among others; numerous events and field experiences; and an extensive catalog of consumer products. VCNI Americas has offices in Canada, Mexico, Brazil, Argentina and Colombia.

The purchase price will be financed from ViacomCBS existing cash balances. The transaction is subject to customary regulatory approvals and closing conditions. The financial terms of the transaction were not disclosed.

ViacomCBS International Networks (VCNI)

ViacomCBS Networks International (VCNI), a division of ViacomCBS Inc. (NASDAQ: VIAC), consists of many of the most iconic consumer brands in the world. Its portfolio includes Channel 5, Telefe, Network 10, Nickelodeon, MTV, Comedy Central, BET, Paramount Network, as well as streaming services Paramount + and PlutoTV and ViacomCBS International Studios, among others. In addition to providing innovative streaming services and digital video products, ViacomCBS Networks International offers powerful manufacturing, distribution and advertising solutions capabilities for partners on five continents and in more than 180 countries.

About WarnerMedia

WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content from a diverse group of talented storytellers and journalists to global audiences through its consumer brands including: HBO, HBO Max, Warner Bros., TNT, TBS, truTV, CNN, DC, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others. The organization also includes Xandrs kits of advanced advertising solutions designed to help improve advertising for brands, publishers and consumers.

WarnerMedia is part of AT&T Inc. (NYSE: T).

MORE

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]