TelevisaUnivision is getting a brand new CEO.
The Spanish-language media big says that Wade Davis is stepping apart as chief government of the corporate, shifting to a brand new function as vice chairman of the board. Daniel Alegre, the previous president and COO of Activision Blizzard and CEO of Yuga Labs, will turn into CEO efficient Thursday Sept. 19.
Davis helped to orchestrate the $4.8 billion merger that created TelevisaUnivision two years in the past. It was not clear why the corporate made the sudden change, although the corporate mentioned that it was “a part of the Board of Administrators’ long-term succession planning course of.”
The corporate has put substantial funding into each streaming and linear TV, with the corporate’s ViX streaming service nearing a revenue, executives have mentioned.
“On behalf of the Board, I’m excited to welcome Daniel to TelevisaUnivision as we embark on the following section of our strategic journey centered on additional integration and optimization,” mentioned Alfonso de Angoitia, government chairman of TelevisaUnivision. “It’s been a really dynamic media atmosphere, and we’re grateful for what Wade has achieved within the turnaround of Univision and the following transformative merger between Univision and Televisa’s content material enterprise to create TelevisaUnivision – the world’s main Spanish-language media and content material firm. We’re proud stewards of a storied and prolific content material manufacturing facility containing the biggest Spanish language library of wealthy and iconic mental property. As we glance to develop our unparalleled market place and the current investments in our linear and streaming platforms in addition to our information and sports activities merchandise, Daniel is the fitting chief on the proper time to take the helm. His distinctive international operational expertise working within the U.S., Mexico and Latin America throughout know-how, digital platforms and leisure honed over three a long time is precisely what TelevisaUnivision must drive our subsequent section.”
“The media panorama is present process a profound transformation and TelevisaUnivision is strategically poised to grab new alternatives whereas staying deeply related to the communities we serve,” Alegre added. “The U.S. and Mexico signify probably the most helpful and populous Spanish-language markets on the earth, a demographic that’s changing into extra outstanding each regionally and globally. Constructing on TelevisaUnivision’s stable basis, international content material pipeline, ongoing investments in cutting-edge applied sciences, and unmatched attain, we’re uniquely positioned to proceed serving this important viewers. Wade and the whole TelevisaUnivision group have created a robust multi-platform media enterprise with world-class high quality and breadth of leisure, information and sports activities programming. I stay up for working with our international groups and companions to construct on TelevisaUnivision’s nice historical past and take the Firm to new heights.”
“In 2020 Searchlight, ForgeLight and Liberty World partnered with Grupo Televisa in our acquisition of Univision, getting down to turnaround and remodel the legacy enterprise. The success of these efforts paved the way in which for the merger with Televisa’s content material enterprise to create TelevisaUnivision – a enterprise with out comparability within the international media panorama right this moment,” added Davis. “Due to the efforts of our distinctive group, TelevisaUnivision has constantly delivered above-market income development, outperformed the U.S. and Mexican promoting markets and launched and have grown our direct-to-consumer enterprise, ViX, to turn into the biggest devoted Spanish-language streaming service on the earth. We couldn’t have picked a greater successor than Daniel, who brings an unbelievable monitor report of operational and strategic execution. He’s the perfect government to take TelevisaUnivision into its subsequent section of development. The Firm’s future is vivid, and I stay up for supporting Daniel and the TelevisaUnivision group in my function as Vice Chairman of the Board.”