ViacomCBS closes Chilevisión acquisition
September 30, 2021
ViacomCBS Networks International (VCNI), a division of ViacomCBS, has announced the closing of the previously announced acquisition of Chilevisión from WarnerMedia, a division of AT&T.
The acquisition includes Chilevisión’s FTA television network, which is Chile’s most watched television channel this year to-date, with an average of 8.3 points of HH rating and the largest growth, +11 per cent HH rating, compared to 2020
The investment also includes Chilevisión’s library of content spanning multiple genres including sports, entertainment, and news, as well as its production capabilities.
“Our investment in Chilevisión strategically expands ViacomCBS’ global ecosystem, strengthening our position as a leading Spanish-language content producer,” said Raffaele Annecchino, President and CEO, ViacomCBS Networks International. “As we rapidly grow our streaming services worldwide, we’ve seen the power our free-to-air channels like Telefe in Argentina, Network 10 in Australia, and Channel 5 in the UK have to fuel Paramount+ and Pluto TV. Spanning every platform and price point, our diversified ecosystem is what continues to set ViacomCBS apart in the streaming landscape as we drive subscribers across our platforms and connect audiences with more premium, original content.”
Chilevisión will fall under the leadership of Juan Acosta, President of ViacomCBS International Studios and Networks Americas. Additional leadership appointments will be announced soon.
Financial terms of the transaction were not disclosed.