ViacomCBS Networks International (VCNI)’s Acquisition of Chilevisión

Shearman & Sterling, Philippi Prietocarrizosa Ferrero DU & Uría, Mayer Brown and Cariola, Díez, Pérez-Cotapos advised on the transaction

ViacomCBS Networks International (VCNI) executed the acquisition of Chilevisión from WarnerMedia, a division of AT&T (NYSE:T).

Through the transaction, VCNI further expands its footprint in Latin America and bolsters its streaming business with a new premium content library and pipeline to fuel the increasing demand for Spanish language content across platforms including Paramount+ and Pluto TV. The acquisition will benefit consumers and partners by offering even more diverse entertainment options across premium, pay and free platforms.

The deal will strengthen and expand VCNI’s presence in the Southern Cone of Latin America by creating an aligned commercial, content and distribution strategy. The acquisition will include Chilevisión’s market leading free-to-air (FTA) television network, which will complement VCNI’s global content offering. Chilevisión attracted approximately 24* percent share of viewership in 2020. (*2020 SOV from IBOPE (FTA, total households, 6am-2am).

Chilevisión’s library is comprised of substantial content spanning multiple genres including sports, entertainment, and news, and it has vast production capabilities. These attributes, in combination with Chilevisión network’s reach, and a windowing strategy of its content pipeline through free, paid, and premium, will serve as a valuable marketing vehicle for VCNI’s streaming platforms in the region, and expand VCNI’s studio and linear presence in the region.

Shearman & Sterling advised ViacomCBS Inc. with Daniel Litowitz, Creighton Condon, Jordan Altman, John Cannon, Kris Ferranti, Ryan Bray, Jessica K. Delbaum, Grace Jamgochian, Yiting Du, Matthew Behrens, Jingjing Liang, Maeve Wilson, Sophie Zander, Adam Sternberg, Karen Jin,  Sebastian de la Puente, James Webber, Nick Withers and  Hannah Hinzmann.

In Chile, Philippi Prietocarrizosa Ferrero DU & Uría advised ViacomCBS Inc. with Alberto Pulido Astoreca, Ignacio Larraín Jiménez, Nicolás Santana, Álvaro Espinosa,  Macarena Fuchs, Pía Bortolaso, Matías Palma and Aref Cosma.

In US, Mayer Brown advised WarnerMedia with José Valera,  Julian Dibbell and Federica Castro.

In Chile, Cariola, Díez, Pérez-Cotapos advised WarnerMedia withFrancisco Javier Illanes, Juan Cristóbal Gumucio, Rodrigo Lavados, Martín Astorga, Ricardo Tisi, Javier Cerón, Tomás Vidal, Israel Ávalos, Cristóbal Lema, Cristóbal Morales, Daniela Fierro, Valentina Barros, Felipe Fernández, Natalia Aviv, Sebastián Krebs, Maria Paz De Carcer, María Jesús Kipreos and Glen Rybertt.

Involved fees earner: María Jesús Kipreos – Baker McKenzie; Martín Astorga – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Israel Ávalos – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Natalia Aviv – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Valentina Barros – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Javier Cerón – Cariola, Díez, Pérez-Cotapos & Cía Ltda; María Paz De Carcer – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Felipe Fernández – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Daniela Fierro – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Juan Cristóbal Gumucio – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Francisco Javier Illanes – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Sebastián Krebs – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Rodrigo Lavados – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Cristóbal Lema – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Cristóbal Morales – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Glen Rybertt – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Ricardo Tisi – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Tomás Vidal – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Karen Jinmeng Song – Latham & Watkins; Federica Castro – Mayer Brown; Julian Dibbell – Mayer Brown; Jose Valera – Mayer Brown; Pía Bortolaso – Philippi Prietocarrizosa Ferrero DU & Uría; Aref Cosma – Philippi Prietocarrizosa Ferrero DU & Uría; Álvaro Espinosa – Philippi Prietocarrizosa Ferrero DU & Uría; Macarena Fuchs – Philippi Prietocarrizosa Ferrero DU & Uría; Ignacio Larraín – Philippi Prietocarrizosa Ferrero DU & Uría; Matías Palma – Philippi Prietocarrizosa Ferrero DU & Uría; Alberto Pulido – Philippi Prietocarrizosa Ferrero DU & Uría; Nicolás Santana – Philippi Prietocarrizosa Ferrero DU & Uría; Jordan Altman – Shearman & Sterling; Matthew Behrens – Shearman & Sterling; Ryan Bray – Shearman & Sterling; John Cannon III – Shearman & Sterling; Creighton Condon – Shearman & Sterling; Jessica Delbaum – Shearman & Sterling; Yiting Du – Shearman & Sterling; Kris Ferranti – Shearman & Sterling; Grace Jamgochian – Shearman & Sterling; Jingjing Liang – Shearman & Sterling; Daniel Litowitz – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; James Webber – Shearman & Sterling; Maeve Wilson – Shearman & Sterling; Nick Withers – Shearman & Sterling; Sophie Zander – Shearman & Sterling;

Law Firms: Baker McKenzie; Cariola, Díez, Pérez-Cotapos & Cía Ltda; Latham & Watkins; Mayer Brown; Philippi Prietocarrizosa Ferrero DU & Uría; Shearman & Sterling;

Clients: ViacomCBS ; WarnerMedia LLC;

Print Friendly, PDF & Email
Martina Bellini

Author: Martina Bellini