Mexican Television Broadcaster Televisa Renews Its Output Deal With Distributor Viacom International Media Networks For Another Five Years

From C21Media:

Viacom pacts with Televisa

Mexican broadcaster Televisa has renewed its output deal with distributor Viacom International Media Networks (VIMN) for another five years.

This extends Televisa’s first-look agreement for Nickelodeon content and builds on a long-term partnership with VIMN. In the short term, the Mexican media giant has signed for new seasons of SpongeBob SquarePants, iCarly, Drake & Josh and Penguins of Madagascar.

It’s not the first major move by the pair this year. In March, Nickelodeon and Televisa began shooting an 80x60′ English-language version of classic Mexican telenovela Reach for the Stars for the US market, in association with Sony Pictures Television.

In related news, billionaire Warren Buffet’s investment vehicle Berkshire Hathaway has taken a small stake in VIMN’s US-based parent Viacom for the first time, an SEC filing has revealed.

Berkshire has acquired 1.6 million class B shares, worth US$75.5m when the filing was made on March 31. Based on Viacom’s share price of US$46.99 yesterday, this is now worth US$74.8m.

Buffet’s firm also bought 10 million shares in General Motors, the US car manufacturer that owns 49% of NBCUniversal, which were worth US$265.5m at the end of March.

Jesse Whittock
16-05-2012
©C21Media

GENRES: Animation, Children's
SHOWS: Big Time Rush, Fanboy & Chum Chum, iCarly, Kung Fu Panda, SpongeBob SquarePants
PEOPLE: Adeline Delgado, Warren Buffet
COMPANIES: Berkshire Hathaway, General Motors, NBCUniversal, Nickelodeon, Sony Pictures Television, Televisa, Viacom International Media Networks
SECTIONS: C21 Kids
COUNTRIES: Mexico, US