Televisa, Univision deal to generate $486mln in Mexican taxes this year

The two companies in April announced a plan to create a firm called Televisa-Univision

  
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011.

A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011.

REUTERS/Yuriko Nakao

MEXICO CITY- A deal between U.S.-based Spanish-language broadcaster Univision and Mexico's Grupo Televisa to create a new company will generate 10 billion pesos ($486 million) in 2021 in tax revenue for Mexico, President Andres Manuel Lopez Obrador said on Thursday.

The two companies in April announced a plan to create a firm called Televisa-Univision which will feature Spanish-language video content from both broadcasters, including soap operas known as telenovelas, sports and movies. 

($1 = 20.5741 Mexican pesos)

(Reporting by Frank Jack Daniel; editing by Jason Neely) ((anthony.esposito@tr.com; +5255 5282 7140;))


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