About: http://data.cimple.eu/news-article/f6b6853c6298ea1652ea1f36b1b43e7df068a38f89fccb6a991d533a

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About: http://data.cimple.eu/news-article/f6b6853c6298ea1652ea1f36b1b43e7df068a38f89fccb6a991d533a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Spanish-language television giants Televisa of Mexico and Univision of the United States plan to join forces to create a new industry heavyweight aimed at meeting growing demand for content streaming. The two firms will combine their content and form a new company called Televisa-Univision that will be "the biggest and most relevant Spanish-language media group in the world," a Televisa statement released late Tuesday said. Televisa said it would receive $4.8 billion under the deal and be the top shareholder in the new company with a stake of 45 percent. The move will "allow the creation of an unparalleled ecosystem to meet the growing demand for content for the 600 million Spanish-speakers" in the world, it added. The new company will launch a joint platform as part of a digital transformation that aims to "conquer the streaming market in Spanish," according to the statement. The tie-up is backed by Japanese investment giant SoftBank, US technology titan Google and investment bank The Raine Group. Mexican President Andres Manuel Lopez Obrador welcomed the announcement, noting that Televisa would be the biggest stakeholder in the new company. He said that Mexico would receive "several billion pesos" in taxes from the deal. "I only asked them to give their word that ... xenophobia and discrimination are not allowed and that the dignity of Mexicans is respected" in their television content, the left-wing populist told reporters. The two companies, partners for more than six decades, recently created a subscription television channel called TUDN specializing in sports. The new giant will have estimated combined sales of around $4.0 billion, Televisa said. jg-dr/st
schema:headline	Spanish-language TV giants to form new industry titan
schema:mentions	Televisa Ecosystem Heavyweight Xenophobia Spanish language Mexican peso Japanese language Andrés Manuel López Obrador Google Mexico United States President of the United States TUDN (TV network) Univision Pay television Left-wing populism Investment banking SoftBank Group Digital transformation The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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