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ViacomCBS to acquire Fox TeleColombia & Estudios TeleMexico from Disney

ViacomCBS Networks International (VCNI) is acquiring Spanish-language content producer Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company and its founders.

JC Acosta

VCNI has entered into a definitive agreement to take a majority stake in the Colombia- and Mexico-based company. Financial details of the deal were not disclosed.

The investment sees VCNI push further into Spanish-language content, which it will launch on its streaming platforms Paramount+, Pluto TV and linear networks worldwide, by bolstering its studio production capabilities and its portfolio of production assets in Latin America.

ViacomCBS International Studios (VIS), a division of VCNI, will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founding family. The transaction is subject to regulatory approval and customary closing conditions.

MTV, Comedy Central and Nickelodeon owner ViacomCBS said Samuel Duque Rozo, founder and CEO of the company, will continue to exclusively support the business from a creative and strategic advisory position, while Samuel Duque Duque, its current president, will lead the company.

Fox TeleColombia & Estudios TeleMexico will fall under the remit of Juan ‘JC’ Acosta, president of ViacomCBS International Studios & Networks Americas.

Through the transaction, VCNI will gain access to Fox TeleColombia & Estudios TeleMexico’s studio operations in both Colombia and Mexico, as well as many hours of library content, spanning series, telenovelas, films, documentaries, unscripted and kids and family.

VCNI’s existing portfolio in Latin America includes VIS’s studio business and broadcasters Telefe in Argentina and the recently acquired Chilevisión in Chile.

“The acquisition of Fox TeleColombia & Estudios TeleMexico, combined with ViacomCBS’s existing Spanish-language portfolio including Telefe and Chilevisión, reinforces the company’s position as a leading worldwide producer of Spanish-language content,” said Raffaele Annecchino, president and CEO of VCNI.

Samuel Duque Rozo, founder and CEO of Fox TeleColombia & Estudios TeleMexico, added: “The extraordinary work that our team has made during all these years, combined with ViacomCBS’s vision, iconic brands, experience, professionalism, creativity among much more, will bring nothing less but the best for both businesses.”

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