ViacomCBS Networks International (VCNI) has sealed a deal to acquire Chilevisión from WarnerMedia.
The deal expands VCNI’s regional footprint and boosts its streaming business via a new content library as it expands Paramount+ and Pluto TV. Free-to-air network Chilevisión had a 24 percent share of viewership in 2020. Oversight of the broadcaster now falls under the remit of Juan “JC” Acosta, president of ViacomCBS International Studios and Networks Americas.
“Latin America is one of the world’s fastest-growing streaming markets, and Chilevisión will be a key driver of our accelerated streaming strategy in the region,” said Raffaele Annecchino, president and CEO of ViacomCBS Networks International. “Chilevisión is an extraordinary addition to our existing business in Latin America and will fortify ViacomCBS’s position as a premier Spanish-language content producer.”
The transaction is subject to customary regulatory approvals and closing conditions. Financial terms of the transaction were not disclosed.