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.


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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.

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