November 23, 2021
ViacomCBS Nov. 23 announced that its ViacomCBS Networks International unit closed the acquisition of a majority stake in the Spanish language content producer Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company. Financial terms of the transaction were not disclosed.
Fox TeleColombia & Estudios TeleMexico will bolster ViacomCBS’s 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 direction of Juan “JC” Acosta, president of ViacomCBS International Studios and Networks Americas.