Univision Communications Inc. and Grupo Televisa have closed a deal extending their long-term program license agreement to 2025.
The companies have also agreed to a PLA granting Televisa the rights to broadcast Univision content in Mexico.
This completes an agreement reached in October, when Televisa agreed to invest $1.2 billion in Univision and expand its long-term programming agreement with U.S. Spanish-language broadcaster to 2020. Univision received exclusive U.S. Spanish language rights to Televisa's programming for use on its networks and digital media platforms.
In connection with the investment, three Televisa representatives have joined the Univision board of directors, bringing its total to 20 members. Emilio Azcárraga Jean, chairman of the board and CEO of Grupo Televisa, Alfonso de Angoitia, executive vice president of Grupo Televisa, and Enrique Hernández, managing director of Allen & Company LLC., were named to Univision's board. José Bastón Patiño, president of television and contents and a member of the executive committee of Grupo Televisa, was also named alternate member to the board.