Televisa, Univision Strengthen Deal That Includes Royalties, Digital Rights

Grupo Televisa and Univision signed a memorandum of understanding to strengthen their strategic partnership, they said in a news release Thursday. The MOU extends the terms of Univision's exclusive U.S. broadcast and digital rights to Televisa’s programming from 2025 to “at least 2030,” they said. It changes the royalty agreements between the companies, raising the rate and making additional revenue subject to the royalty, said the media companies. The agreement converts $1.125 billion of Univision debentures into warrants that are exercisable for new classes of Univision’s common stock, decreasing Univision's annual interest payment. “By taking these steps and our pursuit of other related initiatives, Univision is in a stronger competitive position going forward," said Univision CEO Randy Falco, calling Televisa "the best Spanish-language content producer in the world.”