ViacomCBS Takes Stake in Fox TeleColombia & Estudios TeleMexico

ViacomCBS Networks International (VCNI) has clinched a deal to take a majority stake in Spanish-language content producer Fox TeleColombia & Estudios TeleMexico.

VCNI is acquiring the interest from The Walt Disney Company and the founding family of Fox TeleColombia & Estudios TeleMexico. ViacomCBS International Studios (VIS) will operate the venture in partnership with the founding family.

“The acquisition of Fox TeleColombia & Estudios TeleMexico, combined with ViacomCBS’ existing Spanish-language portfolio including Telefe and Chilevisión, reinforces the company’s position as a leading worldwide producer of Spanish-language content,” said Raffaele Annecchino, president and CEO of ViacomCBS Networks International. “This content will fuel ViacomCBS’s global ecosystem across Paramount+, Pluto TV and its linear networks.”

Samuel Duque Rozo, founder and CEO of Fox TeleColombia & Estudios TeleMexico, added, “This announcement is very fulfilling, and I feel very honored that Fox TeleColombia & Estudios TeleMexico will continue its expansion and growth in the hands of such an amazing company as ViacomCBS and its talented and visionary executives. The extraordinary work that our team has made during all these years, combined with ViacomCBS’s vision, iconic brands, experience, professionalism [and] creativity, among much more, will bring nothing less but the best for both businesses.”

Fox TeleColombia & Estudios TeleMexico has studio operations in Colombia and Mexico, as well as a library of content encompassing premium series, telenovelas, films, documentaries, unscripted, kids and family, branded and digital content, and live sports shows. VCNI will use the company’s assets to fuel Paramount+ and Pluto TV, as well as its linear networks around the world. Duque Rozo will support the business creatively and as a strategic advisor. Samuel Duque Duque, its current president, will continue to lead the business.