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ViacomCBS Networks International (VCNI) has reached an agreement to acquire Chilevisión from WarnerMedia, expanding its Latin American presence and streaming capabilities. This acquisition aims to capture the growing demand for Spanish language content through platforms like Paramount+ and Pluto TV. The deal includes Chilevisión's leading free-to-air network, which had a 24% viewership share in 2020, enhancing VCNI’s content library across various genres. The purchase will be financed by existing cash balances and is subject to regulatory approvals.
BET has partnered with podcast hosts Mara Schiavocampo, Wesley Lowery, and Keith Reed for a new special titled "Justice for George Floyd". The program, available on BET.com and their YouTube channel, analyzes the Derek Chauvin trial, featuring insights from legal experts including CNN's Joey Jackson. BET Digital aims to educate viewers about the trial's implications on racial equality. Amy Barnett, senior VP of BET Digital, highlighted the importance of this dialogue in promoting social justice.
Nickelodeon is launching PAW Patrol Live! At Home, an interactive streaming event scheduled for April 24-25. This virtual experience will engage preschoolers with a 45-minute stage show featuring the beloved PAW Patrol characters. The event includes features like a shared viewing room for families, a pre-show area with games, and customizable interactive elements. Tickets are available for single or group viewing options. This initiative aims to connect families and enhance the communal theater experience despite ongoing challenges.
This summer, BET+ and Tyler Perry Studios introduce the new scripted series, “All The Queen’s Men,” showcasing the world of male exotic dancers. Based on Ladies Night by Christian Keyes, the show follows Marilyn ‘Madam’ DeVille, played by Eva Marcille, as she navigates her nightclub empire amidst challenges of power and danger. The series expands from eight to ten episodes, highlighting BET+'s commitment to Black content. With a talented cast and significant production backing, this drama promises to captivate audiences when it premieres on BET+.
CBS Sports and Lega Serie A have announced a multi-platform agreement granting exclusive U.S. rights to Serie A, Coppa Italia, and Supercoppa Italiana. From August 2021 through 2024, Paramount+ will stream over 400 club matches, including all 380 Serie A games and key Coppa Italia matches. CBS Sports aims to bolster its soccer lineup and grow the sport in the U.S., backed by Lega Serie A's commitment to enhance its international presence. The partnership reflects a strategic investment following the increasing interest from American owners in Serie A teams.
Cher & The Loneliest Elephant follows Cher's heroic mission to rescue Kaavan, the world's loneliest elephant, amid the challenges of a global pandemic. Premiering on Earth Day, April 22 on Paramount+ and Smithsonian Channel, the documentary chronicles Kaavan's journey from chains to freedom, showcasing the impact of social media and global activism. After nearly 20 years of neglect, a Pakistani court ruled Kaavan's release in May 2020, leading to an international rescue effort. Cher emphasized the importance of collective action for animal welfare, inspiring viewers to advocate for conservation.
ViacomCBS has priced concurrent offerings of 20 million shares of Class B common stock for $85.00 each and 10 million shares of 5.75% Series A Mandatory Convertible Preferred Stock at $100.00 each, totaling approximately $2.65 billion in net proceeds. The offerings, set to close on March 26, 2021, aim to fund general corporate purposes, including investments in streaming services. Additionally, the Mandatory Convertible Preferred Stock is set to convert into Class B common stock by April 1, 2024, if not converted earlier, with dividends payable starting July 1, 2021.
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) has announced $2.0 billion in Class B common stock and $1.0 billion in Series A Mandatory Convertible Preferred Stock offerings, subject to market conditions. An additional $300 million and $150 million options have been granted to underwriters for over-allotments. The proceeds will be used for general corporate purposes, including streaming investments. The Mandatory Convertible Preferred Stock will convert into Class B common stock on April 1, 2024. The offerings are managed by Morgan Stanley and J.P. Morgan.
ViacomCBS has partnered with Raedio to access its library and create original music across its brands, starting with MTV Entertainment Group. This multi-year collaboration aims to connect audiences with new music and provide opportunities for emerging artists. Raedio's diverse music library will support ViacomCBS programming, and writing camps will be held to develop original compositions. This partnership signifies Raedio's growing influence in the music industry, emphasizing its commitment to uplifting untapped talent.
Nickelodeon has greenlit a new comedy series titled That Girl Lay Lay, starring teen hip-hop artist Alaya “That Girl Lay Lay” High. This 13-episode series is a product of Nickelodeon's partnership with Lay Lay to create original programming and associated consumer products. Production begins this spring, with a summer premiere planned. The show centers on an avatar from a personal affirmation app who comes to life to support her teenage friend, Sadie. Nickelodeon's strategy also includes promoting Lay Lay's music career and launching a range of consumer products.
