ViacomCBS Buys Majority Interest in Fox TeleColombia & Estudios TeleMexico

By Jon Lafayette
published

Walt Disney Co. is the seller

Signage at the ViacomCBS Inc. headquarters in New York on Sunday, Feb. 9, 2020.
(Image credit: Tiffany Hagler-Geard/Bloomberg via Getty Images)

ViacomCBS said Tuesday its international networks division completed the acquisition of  majority interest in Spanish-language producer TeleColombia & Estudios TeleMexico from The Walt Disney Co.

Financial terms were not disclosed.

The deal expanded ViacomCBS’s the amount of original Spanish language content it can produces for its streaming platforms Paramount Plus and Pluto TV, as well as its global collection of linear networks.

ViacomCBS said it will operate Fox-TeleColombia & Estudios TeleMexico as a “collaborative partnership” with its founding family. Samuel Duque Duque will head the business and it will report into Juan “JC” Acosta, president of ViacomCBS International Studios and Networks Americas. ■

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.