Conscious, the parent company of Canal Plus and Universal Music Group, has acquired assets..6% stake in Priscilla, the world’s largest Spanish-speaking media group, including El Payes magazine, among other assets.
The agreement is “part of Vivek’s ongoing strategy to become a global leader in content, media and communication while expanding its access to Spanish-speaking markets in Europe, Latin America and the US Hispanic,” Vivek said in a statement. Viveki added that its strategy was to work with Presa on the development of educational subscription services, as well as news and entertainment content.
In addition to El Pais, it also owns Priser Santillana, Cadena SER, Radio Karacol, AS and Los 40 Principals. Presa is present in 24 countries.
Vivekdi has expanded its position in the publishing industry over the past few years by acquiring the leading French-language publishing house, Editis, and recently bought a 26.7% stake in Lagarde, a publishing and retail group whose top assets are included. Hatchet Lever is the largest publishing house in France and the third largest commercial and educational publisher in the world.
Just a few months ago, Prism, France’s leading publishing group, entered into exclusive discussions with Vivendi Granar + Johar / Bartelsmann to achieve 100% in the media.
Viveki is already in the Spanish language market through Banshu Productions, a wealthy Spanish production company, and Gameloft, a video game studio based in Barcelona. Divided also operates ticketing services in Spain, the IP and licensing business is also active in the Hispanic market, the agency said.
Despite the epidemic, Viveki sees its consolidated revenue grow 2.4% to .. 11.6 billion (. 13.6 billion) in the first nine months of 2020 and 1.3% in the third quarter.