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ViacomCBS Networks Int. To Buy Chilevisión From Warner Media, Expand Latin America Footprint

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ViacomCBS Networks International has agreed to acquire Chilevisión from AT&T’s WarnerMedia for an undisclosed sum, expanding its footprint in Latin America.The deal will bolster VCNI’s streaming business with a new premium library and pipeline to fuel increasing demand for Spanish language content across platforms including recently launched Paramount+ and Pluto TV.Financial terms weren’t disclosed.

Parent ViacomCBS said the purchase will be financed by existing cash balances.The acquisition includes Chilevisión’s free-to-air television network, which attracted an approximate 24% share of viewership in 2020, VCNI said.

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