Univision (NYSE:UVN)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Univision Charts. Click Here for more Univision Charts.](/p.php?pid=staticchart&s=NY%5EUVN&p=8&t=15)
Univision Communications Inc. (NYSE:UVN), the leading Spanish-language
media company in the United States, today announced the purchase of the
remaining 50% of Mexico-based Disa Records and Edimonsa Publishing.
Univision purchased 50% of Disa from the Chávez
family of Monterrey, Mexico, in June 2001 with the provision to purchase
the remaining 50% in five years. With this purchase, Univision Music
Group (UMG), the leading Latin music company in the U.S., accounts for
over 40% of the Latin music market share in the country.
Disa Records will continue to operate as a separate label under UMG,
similar to Fonovisa Records, Univision Records and La Calle Records.
Edimonsa Publishing will be merged into the Univision Music Publishing
companies.
Carlos Ruiz has been appointed Vice President/General Manager of Disa
Records. He previously served for Univision Music Group-Mexico, where he
developed commercial strategies to leverage business growth. Ruiz’
career in the Latin music industry spans over 18 years and includes
leadership positions with Warner Music Brazil, Peerless-MCM and Metro
Casa Musical.
“I want to congratulate the Chávez
family for building a successful record and publishing company that has
endured the test of many years in the Latin music industry and I wish
them success in future endeavors,” said José
Behar, President and Chief Executive Officer, UMG. “I
am very excited about the role Carlos Ruiz will play in continuing the
success of Disa Records. I am confident in his ability to capitalize on
the label’s current position in the
marketplace and further strengthen the Disa brand under Univision Music
Group.”
The Chávez family expressed, “we
deeply thank our friends Mr. Jerry Perenchio and Mr. José
Behar for opening the doors of Univision to the Disa Records label and
for their confidence and support during our five-year venture. We
believe that, under the direction of Mr. Carlos Ruiz and Mr. José
Behar, Disa will continue to be one of the most important and successful
regional Mexican music labels. Congratulations to Univision and we
reiterate that, Disa Records and Edimonsa Publishing will continue to
flourish within the Univision Music Group.”
“I am thrilled about my new position with Disa
Records and look forward to the challenge of leading a music label with
such a powerful roster of artists and with such a rich catalog of music,”
said Ruiz.
Disa Records currently represents an impressive roster of international
artists including Montez de Durango, Los Horoscopos, Patrulla 81, Los
Brindis and Beto y Sus Canarios. Disa Records will continue to operate
primarily from Monterrey, Mexico, with major offices in Mexico City, Los
Angeles, San Antonio and Miami.
Univision Communications Inc. is the premier Spanish-language media
company in the United States. Its operations include Univision
Network, the most-watched Spanish-language broadcast television network
in the U.S. reaching 99% of U.S. Hispanic Households; TeleFutura
Network, a general-interest Spanish-language broadcast television
network, which was launched in 2002 and now reaches 87% of U.S. Hispanic
Households; Galavisión, the country’s
leading Spanish-language cable network; Univision Television Group,
which owns and operates 62 television stations in major U.S. Hispanic
markets and Puerto Rico; Univision Radio, the leading Spanish-language
radio group which owns and/or operates 69 radio stations in 16 of the
top 25 U.S. Hispanic markets and 4 stations in Puerto Rico; Univision
Music Group, which includes Univision Records, Fonovisa Records, La
Calle Records and Mexico-based Disa Records as well as Fonomusic and
America Musical Publishing companies; and Univision Online, the premier
Spanish-language Internet destination in the U.S. located at www.univision.com.
Univision Communications also has a 50% interest in TuTv, a joint
venture formed to broadcast Televisa’s pay
television channels in the U.S., and a non-voting 14.9% interest in
Entravision Communications Corporation, a public Spanish-language media
company. Univision Communications is headquartered in Los Angeles with
television network operations in Miami and television and radio stations
and sales offices in major cities throughout the United States.
For more information, please visit www.univision.net.
NOTE TO EDITORS: This release also available in Spanish: http://www.hispanicprwire.com/news.php?l=es&id=7425&cha=7.
Univision Communications Inc. (NYSE:UVN), the leading
Spanish-language media company in the United States, today announced
the purchase of the remaining 50% of Mexico-based Disa Records and
Edimonsa Publishing. Univision purchased 50% of Disa from the Chavez
family of Monterrey, Mexico, in June 2001 with the provision to
purchase the remaining 50% in five years. With this purchase,
Univision Music Group (UMG), the leading Latin music company in the
U.S., accounts for over 40% of the Latin music market share in the
country.
Disa Records will continue to operate as a separate label under
UMG, similar to Fonovisa Records, Univision Records and La Calle
Records. Edimonsa Publishing will be merged into the Univision Music
Publishing companies.
Carlos Ruiz has been appointed Vice President/General Manager of
Disa Records. He previously served for Univision Music Group-Mexico,
where he developed commercial strategies to leverage business growth.
Ruiz' career in the Latin music industry spans over 18 years and
includes leadership positions with Warner Music Brazil, Peerless-MCM
and Metro Casa Musical.
"I want to congratulate the Chavez family for building a
successful record and publishing company that has endured the test
of many years in the Latin music industry and I wish them success in
future endeavors," said Jose Behar, President and Chief Executive
Officer, UMG. "I am very excited about the role Carlos Ruiz will play
in continuing the success of Disa Records. I am confident in his
ability to capitalize on the label's current position in the
marketplace and further strengthen the Disa brand under Univision
Music Group."
The Chavez family expressed, "we deeply thank our friends Mr.
Jerry Perenchio and Mr. Jose Behar for opening the doors of Univision
to the Disa Records label and for their confidence and support during
our five-year venture. We believe that, under the direction of Mr.
Carlos Ruiz and Mr. Jose Behar, Disa will continue to be one of the
most important and successful regional Mexican music labels.
Congratulations to Univision and we reiterate that, Disa Records and
Edimonsa Publishing will continue to flourish within the Univision
Music Group."
"I am thrilled about my new position with Disa Records and look
forward to the challenge of leading a music label with such a powerful
roster of artists and with such a rich catalog of music," said Ruiz.
Disa Records currently represents an impressive roster of
international artists including Montez de Durango, Los Horoscopos,
Patrulla 81, Los Brindis and Beto y Sus Canarios. Disa Records will
continue to operate primarily from Monterrey, Mexico, with major
offices in Mexico City, Los Angeles, San Antonio and Miami.
Univision Communications Inc. is the premier Spanish-language
media company in the United States. Its operations include Univision
Network, the most-watched Spanish-language broadcast television
network in the U.S. reaching 99% of U.S. Hispanic Households;
TeleFutura Network, a general-interest Spanish-language broadcast
television network, which was launched in 2002 and now reaches 87% of
U.S. Hispanic Households; Galavision, the country's leading
Spanish-language cable network; Univision Television Group, which owns
and operates 62 television stations in major U.S. Hispanic markets and
Puerto Rico; Univision Radio, the leading Spanish-language radio group
which owns and/or operates 69 radio stations in 16 of the top 25 U.S.
Hispanic markets and 4 stations in Puerto Rico; Univision Music Group,
which includes Univision Records, Fonovisa Records, La Calle Records
and Mexico-based Disa Records as well as Fonomusic and America Musical
Publishing companies; and Univision Online, the premier
Spanish-language Internet destination in the U.S. located at
www.univision.com. Univision Communications also has a 50% interest in
TuTv, a joint venture formed to broadcast Televisa's pay television
channels in the U.S., and a non-voting 14.9% interest in Entravision
Communications Corporation, a public Spanish-language media company.
Univision Communications is headquartered in Los Angeles with
television network operations in Miami and television and radio
stations and sales offices in major cities throughout the United
States.
For more information, please visit www.univision.net.
NOTE TO EDITORS: This release also available in Spanish:
http://www.hispanicprwire.com/news.php?l=es&id=7425&cha=7.