Posts tagged ‘Grupo Televisa’
Broadcaster Televisa is betting on the U.S. Hispanic market for growth after reaching a new royalty deal with partner Univision and is sending plans to enter Mexican mobile phone market to the backburner for now.
Grupo Televisa said earlier this month it was investing $1.2 billion in debt-laden broadcaster Univision, a long-time partner that uses the Mexican company’s programs to fill in most of its prime time slots. (more…)
Mexico’s Grupo Televisa has partnered with independent film studio Lionsgate to launch Pantelion, a Latino-focused venture scheduled to release eight to 10 films per year targeting the fast-growing Hispanic movie-going crowd.
The new venture will be led by CEO Paul Presburger and chairman Jim McNamara, who is also chairman of the premium movie channel Cine Latino. Terms were not disclosed.
The concept behind Pantelion, announced at a Tuesday (Sept. 26) press conference here by Lionsgate co-chairman and CEO Jon Feltheimer and Grupo Televisa chairman and CEO Emilio Azcarraga, is simple: To reach the estimated 26 million U.S. Hispanics who represent more than 25% of frequent movie-goers and are considered the fastest-growing segment of U.S. film watchers. (more…)