Univision will launch a Spanish-language streaming service subsequent 12 months that seems like a little bit of a hybrid of Peacock and Netflix, with each a free tier in addition to a paid plan that can deal with premium originals.
The new service will comprise a “huge content material scope, expansive library and extra Spanish-language originals than another streaming service,” Univision mentioned in a press release on Monday. The tiered streaming service will successfully pluck the “greatest” components of its current companies, PrendeTV, VIX, and Univision NOW and mix them with the corporate’s newest content material haul devoured up by the use of its acquisition of Televisa, an IP and production grab for which Univision agreed to pay $5 billion.
The corporate previously acquired VIX, one other free and ad-supported streaming platform for Spanish-language programming, again in February. Univision NOW is a paid subscription service for stay and on-demand Univision and UniMás content material that prices $11 per thirty days.
The new service’s free tier seems like PrendeTV — Univision’s current ad-supported streaming service for Spanish-language content material — however “upgraded” with extra stuff. This tier will function greater than 40,000 hours of programming, 100 channels, information protection, and stay sports activities, in addition to originals.
The premium tier will embody greater than 6,000 hours of programming and produce greater than 30 originals inside the first 12 months of launch. The purpose of the paid tier “is to carry audiences extra initially produced Spanish-language content material than another streaming service globally,” the corporate mentioned.
“Univision is uniquely positioned to fulfill the worldwide demand for premium Spanish-language content material, the final actually significant open lane in world video streaming,” Pierluigi Gazzolo, president and chief transformation officer at Univision, mentioned in a assertion.
The service’s premium tier can be overseen by Rodrigo Mazon, a veteran of Netflix and Hulu. Univision’s new head of streaming and product Michael Cerdá, in the meantime, was beforehand at Disney Plus. The corporate mentioned that the service’s particular launch date and pricing could be introduced later this 12 months, however it would formally roll out someday in 2022.