Netflix Inc. (NFLX) is nearing an accord to provide U.S. online customers with Spanish-language programming from Univision Communications Inc. (UVN), said two people with knowledge of the situation.
The deal, when concluded, is expected to include programs from Mexico City-based Grupo Televisa SAB (TV), the world’s largest Spanish language broadcaster, said one of the people, who wasn’t authorized to talk publicly.
Netflix is adding shows from the most-watched U.S. Spanish- language network to reach an audience of 50 million U.S. Hispanics. Hulu.com added Univision in October. The accord represents an expanded relationship for Univision, which already provides shows to Netflix in Latin America.
“Our content is in great demand, and we are in negotiations with several distributors,” Monica Talan, a spokeswoman for New York-based Univision, said in an e-mail. She declined to comment further.
Netflix, based in Los Gatos, California, fell 1.2 percent to $111.67 at the close in New York. The stock has climbed 61 percent this year. Closely held Univision is owned by Saban Capital Group Inc., Madison Dearborn Partners LLC, Providence Equity Partners Inc., TPG Capital and Thomas H. Lee Partners LP.
Univision reported today that revenue rose 6.9 percent in the fourth quarter, according to a conference call transcript. Earnings before interest, taxes, depreciation and amortization increased 6.3 percent.
The company had about $9.2 billion of debt at the end of the year, according to the transcript.
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