Wade Davis Mexico Hollywood audience spanish Wade Davis Mexico

Televisa-Univision Deal Rationale: To Build Spanish-Language Global Streaming Giant

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hollywoodreporter.com

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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