Televisa-Univision aims to become a global… – Nuadox | Innovation, science and tech news

– By Nuadox Crew –

Televisa-Univision, a new Spanish-language media venture, intends to launch a streaming platform in both the United States and Mexico next year before expanding to other countries in Latin America and in Europe.

The service which aims to compete against brands such as Netflix, Tubi and Disney Plus, will combine the content of Mexican broadcaster Grupo Televisa and U.S.-based Univision.

The combined entity will have the content, production capacity, intellectual property, global reach and financial resources to aggressively pursue the relatively nascent global Spanish-language streaming opportunity. The Spanish-language market, which represents around 600 million people globally, and an aggregate GDP of about $7 trillion, is significantly underserved from a streaming perspective relative to other major markets. Less than 10% of the Spanish speaking population currently use an OTT video product, compared with the English language market where nearly 70% of the population has at least one streaming service.