Univision Communications has exited its minority position in El Rey Network, the English-language cable channel and production studio created by Mexican-American filmmaker Robert Rodriguez and FactoryMade Ventures.<\/p>\n
The move enables El Rey to become 100 percent independently owned. Univision will continue to provide El Rey with sales and distribution services. El Rey is an English-language, Latino-infused entertainment brand that showcases a range of programming, including reality, scripted and animated series, movies, documentaries, music, comedy and sports.<\/p>\n
\u201cThis is an important and significant milestone for El Rey, and we\u2019re thrilled to have full ownership of our brand,\u201d said Robert Rodriguez, El Rey Chairman. \u201cThanks to Univision\u2019s support and guidance, El Rey has been able to achieve more than we ever imagined and I\u2019m confident that with this strong foundation we will continue to successfully serve one of the most important and influential audiences.\u201d<\/p>\n
Rodriguez added, \u201cWe want to thank Univision for the incredible partnership over the last seven years, and we are fully supportive of\u2014and excited for\u2014the company\u2019s next phase under their new ownership group.\u201d<\/p>\n
FactoryMade CEO John Fogelman added, \u201cFrom the start of our partnership, Univision believed in the strength of El Rey\u2019s strategy and our potential, and today\u2019s development is a true testament to all we\u2019ve accomplished together. We thank the whole Univision team for their support of our network. They have been a tremendous partner, and I look forward to seeing all the company achieves in its next chapter under the ownership of such well-respected industry experts.\u201d<\/p>\n
\u201cUnivision initially partnered with Robert and the El Rey team in an effort to support an innovative brand with the goal of successfully reaching young Hispanics in a way that nobody had done before,\u201d said Vince Sadusky, CEO of Univision. \u201cWe look forward to watching all that El Rey will undoubtedly accomplish in the future. For Univision, we remain focused on the anticipated close of our transaction with ForgeLight and Searchlight and we are excited about all that lies ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Univision Communications has exited its minority position in El Rey Network, the English-language cable channel and production studio created by Mexican-American filmmaker Robert Rodriguez and FactoryMade Ventures.<\/p>\n","protected":false},"author":350,"featured_media":4127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[865,79],"class_list":["post-4126","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-el-rey-network","tag-univision-communications"],"yoast_head":"\n