Newly unveiled Televisa-Univision is heading worldwide to beat out Spanish-language pay TV rivals in what top executives see as a largely untapped global market beyond the U.S.
and Mexico. "I feel confident we have the assets and expertise to set us up with a huge competitive advantage to attack the last meaningful open lane in the world in streaming video," Univision CEO Wade Davis told analysts a day after unveiling the transaction to merge the two Spanish-language media giants.
The deal, set to close later this year, will see Mexico's Televisa and Univision combine media, production and content into a new company to be called Televisa-Univision, with Davis becoming CEO of the new entity.
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