ViacomCBS Buys Majority Stake In Spanish Content Producer Fox TeleColombia & Estudios TeleMexico
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deadline.comViacomCBS said its ViacomCBS Networks International has clinched a deal to acquire a majority stake in Spanish language content producer, Fox TeleColombia & Estudios TeleMexico from Disney and the company’s founding family.ViacomCBS International Studios, a division of VCNI, will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founders.
Financial terms weren’t released. The transaction is subject to regulatory approval and customary closing conditions.Through this 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, which is comprised of multifaceted entertainment spanning multiple key
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