Grupo Televisa has entered into an agreement with the film studio Lion’s Gate Entertainment to produce new television shows and movies. The move is seen as a mutually beneficial partnership which will grant Lion’s Gate access to the vast Mexican market and develop its initiatives for the U.S. Hispanic market, and help Televisa further establish itself in the U.S.
There is some confusion, however, over the legality of the partnership, as Grupo Televisa has an agreement with Univision that grants it exclusive distribution rights to Televisa-produced content.
Even before Univision’s declining Televisa’s bid for the company last year when it was for sale, Televisa sued Univision in an effort to terminate its long-term programming arrangement so that it could extract higher profit from its popular programming or find another partner.
Related Article: Grupo Televisa/Univisión Fallout Causes Speculation (July 2006).