Chellomedia acquires 50% of MGM Latin America

The content division of Liberty’s Chellomedia has acquired 13 international channels, two joint ventures and licenses to use the MGM name and its library. Chellomedia has also made a deal with CBS to launch new branded channels around the World. After this transaction, MGM has sold most of its International television properties.

In Latinamerica Chellomedia acquired 50 percent of MGM Latin America, and the deal also includes a joint venture between MGM and Chellomedia for the Brazilian market. In Europe Chellomedia has also acquired properties in Spain.

Annual revenue from MGM’s international operations in 2011 was about US$ 150 million, producing US$ 20 to $US 30 million in cash flow and US$ 20 million in deferred profit.

With the international acquisition Chellomedia channel portfolio reaches 382 million TV households.


Trackback from your site.

Editorial Staff (@portada_online)

Portada is the leading source of news and analysis on the Latin Marketing and Media space. Credibility is our biggest asset: The Portada team is very passionate about producing high-quality independent content that helps drive forward the Latin Marketing and Media space.
El equipo editorial de Portada se apasiona por elaborar contenidos de alta calidad. La credibilidad es nuestro mayor activo. La misión de Portada es ayudar a profesionales de negocios y medios a comprender y alcanzar a consumidores latinoamericanos, del mercado hispano de EE UU y España.

MORE FROM PORTADA

Miami Tech Investors Provide LatAm Entrepreneurs with Path to Growth

Miami Tech Investors Provide LatAm Entrepreneurs with Path to Growth

We sit down with Raul Moas, the managing director of Accelerated Growth Partners (APG), a Miami-based angel investor network that provides capital to entrepreneurs in Miami, to discuss the city’s exciting startup scene, and how it has fostered the growth of Latin American businesses.


Ad-Tech Play The Trade Desk IPO’s at Higher than Expected Price

Ad-Tech Play The Trade Desk IPO’s at Higher than Expected Price

California-based ad tech company The Trade Desk, Inc. has officially gone public on The Nasdaq Stock Market.The Trade Desk debuted on the Nasdaq at US$28.75 as opposed to the company’s US$16-to-US$18-per-share projection.


How Brands Can Use Fan-Generated Video Content in Sports Marketing Campaigns

How Brands Can Use Fan-Generated Video Content in Sports Marketing Campaigns

Sports marketing experts talk about what self created fans’ video content represents to them, at Portada’s Hispanic Sports Marketing Forum, held in New York on September 14.