Yesterday’s announcement of the FCC by which the U.S. regulator allows foreign ownership of Univision to exceed the mandatory 25% is major news. As a result Televisa will increase its stake to 40%. 5 ways this may impact the largest media company targeting Hispanic audiences in the U.S and the multicultural marketing space.
The Federal Communications Commission (FCC) has decided that it will allow foreign investors to own equity in Univision beyond the mandated 25% cap on foreign ownership in U.S. radio and television companies, Radio and Television Business Report reveals. Foreign investors will now be able to own up to 49% of Univision’s stock and voting rights.
Azteca America announced several additional expansions to its affiliate group in major media markets across the country.The addition of affiliates in Charlotte, Sacramento and Boston expand the network’s reach to 68 markets, 20 of which are operated by Azteca America.
Univision Holdings has requested the Federal Communications Commission (FCC) permission to increase from 10% to 40% Televisa’s stake in Univision. FCC reported that it will publish comments on the operation on August 8 and provide a final answer on September 7.
Noticias Telemundo and La Opinión announced a partnership to produce and publish news content aimed at Hispanic Americans.The partnership includes the launch of “Telemundo and La Opinión Present,” a series of stories on Latino issues that will appear on Telemundo Network, La Opinión newspaper, and the digital platforms of both organizations.
Entertainment and media spending will hit US$720 billion by 2020, up from US$603 billion in 2015, while internet advertising will overtake broadcast advertising in the U.S. for the first time, according to the finding from PwC’s annual Global Entertainment and Media Outlook report, the company’s five-year economic forecast for media and entertainment industry revenue and ad spending.
Azteca America reorganized its content to reinforce its strategy of getting closer to its Hispanic audiences in LA, Chicago, New York, and Dallas.
Rovi Corporation will acquire TiVo Inc. for approximately US$1.1 billion.The new company combines two of the industry’s most influential players to transform media and entertainment technology. Rovi’s current CEO, Tom Carson, lead the combined companies that will have estimated revenue of us$800 million.
NBCUniversal, a division of Comcast Corporation, has announced the acquisition of DreamWorks Animation for US$3.8 billion.Following the completition of the transaction, expected to close by the end of 2016, DreamWorks Animation become part of the Universal Filmed Entertainment Group and DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamW
Univision Communications Inc. (UCI) has reached an agreement with ABC to become sole owner of FUSION.Fusion Media Group Will Include FUSION, The Onion, The Root, Flama, Univision Digital, Univision Music and El Rey.
The National Football League (NFL) has selected Twitter as its exclusive partner to deliver a live OTT digital stream of Thursday Night Football to a global audience.The move will help NFL reach new generations who are moving away from tv or web browser content to on-demand sources. The addition of streaming to Twitter could give users new ways to interact with its platform.
What:Yahoo’S NFL first-ever livestream football game between the Jacksonville Jaguars and Buffalo Bills Sunday in London attracted 15.2 million unique viewers. Why it matters: 33 percent
Entravision, chose the month of September, exactly Thursday Sept. 24, to have its upfront show in New York City’s AXA Equitable Center. Led by Entravision’s CEO Walter Ulloa, the upfront session’s theme was “1” (1 Year Anniversary of Pulpo Media acquisition); “5” (launch of the Radio Network); and “20” years since the company was created.
What: Telecom Giant Altice has acquired Cablevision in a US$9 billion deal. Why it matters: Altice will inherit 2.78 million broadband customers and 2.64 million pay-TV
What: MundoMax, U.S.-based Spanish-language broadcast network owned and operated by RCN Television Group, has pertenered with Meruelo Media in Los Angeles and Houston. Why it matters: This is
What: International sports network beIN SPORTS announced the renewal of the exclusive broadcast rights for three of the top soccer leagues in the world: Spain’s La Liga,
What:RCN Television Group (RCN) announced that RCN has purchased the entire interest of its joint-venture partner, FOX International Channels (FIC), in the U.S. Spanish language
What: Azteca America has joined forces with Ford Motor Company to develop and launch “Fuerza Ford,” a ten-episode sponsored-content initiative showcasing the Ford F-150.“Fuerza Ford”,
Univision Holdings, Inc. and Grupo Televisa, S.A.B. have announced that, together with Univision’s major shareholders, they have entered into a Memorandum of Understanding (“MOU”) and that certain subsidiaries of Univision and Televisa entered into an amendment to their existing Program Licensing Agreement (the “PLA Amendment”).In addition, Univison filed a registration statement on Form S-1 with the SEC ( the U.S. Securities and Exchange Commission) relating to a proposed initial public offering.
[ctalatinb] What: Global youth media company and digital content studio VICE has opened a Miami, Florida bureau in an effort to build out its offerings for