ViacomCBS Inc. today announced that ViacomCBS Networks International (VCNI) has closed the acquisition of a majority stake in the acclaimed Spanish language content producer, Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company.
The terms of the transaction were not disclosed.
Fox TeleColombia & Estudios TeleMexico will bolster ViacomCBS’ Spanish-language content production capabilities and expand ViacomCBS International Studios’, VIS, to capitalize on significant content demand on its global streaming platforms, Paramount+ and Pluto TV, and its linear networks around the world.
VIS will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founding family. Samuel Duque Duque will lead the business.
Fox TeleColombia & Estudios TeleMexico will fall under the remit of Juan “JC” Acosta, President of ViacomCBS International Studios and Networks Americas.