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ViacomCBS Buys Chilevision From WarnerMedia

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

ViacomCBS Networks International has acquired the Chilevisión TV network and library from WarnerMedia as parent AT&T continues to sell off non-core assets to pay off debt.

Terms of the deal were not disclosed, but ViacomCBS said it will fund the acquisition from existing cash balances. The deal aims to expand VCNI's footprint in Latin America and feed new premium content to its expanding streaming business led by Paramount+ and Pluto TV.

It also comes as content companies look to capture the burgeoning Hispanic TV market in the U.S. and Latin America as it grows in size and spending power.

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