Mónica Marie Zorrilla ViacomCBS Networks International is set to acquire WarnerMedia’s Chilevisión and its Spanish- language content library as well as its production capabilities.The top Chilean network will complement VCNI’s current global production, distribution and advertising solutions across more than 180 countries and will further expand the network’s presence in Latin America (particularly in South America).ViacomCBS said it would finance the acquisition with cash on hand.
The specific financial terms of the transaction were not disclosed.“Latin America is one of the world’s fastest-growing streaming markets, and Chilevisión will be a key driver of our accelerated streaming strategy in the region,” said Raffaele Annecchino,.
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