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Photo: Robyn Beck/AFP via Getty Images

Univision plans to launch a unified streaming service next year that will include a premium subscription tier, the company said Monday.

Be smart: The expanded service comes on the heels of an announcement this year that Univision will merge with Grupo Televisa S.A.B ("Televisa"), one of the largest media companies in Latin America.

Details: Univision says the new service will have full access to Televisa’s content library and intellectual property following the close of the deal, making it the largest Spanish-language streaming service globally.

  • The service will pull content from Univision's existing ad-supported streaming service, PrendeTV, as well as its VIX and Univision NOW streaming services. Univision acquired VIX earlier this year to help fuel PrendeTV. Univision NOW gives users access to Univision's TV content, which includes news and sports.
  • The various streaming services will all be housed within the new, unified streaming service. PrendeTV will anchor the ad-supported tier, while the Televisa programming will help anchor much of the subscription tier.

Univision has hired Rodrigo Mazon, a senior executive at Netflix, to oversee the service as executive VP and general manager of subscription video on demand. He will report to Pierluigi Gazzolo, Univision's president and chief transformation officer.

By the numbers: Univision says that in total, its free, ad-supported tier will have over 100 linear channels and over 40,000 hours of "wholly-owned and acquired content that will also be offered in [video on demand] form."

  • The subscription service will have "more than 6,000 hours of Spanish-language content and more than 30 original productions exclusively on the service within its first year," the company said.

What to watch: Univision said the brand, pricing and specific launch date will be announced following the close of the Televisa merger.

Go deeper

Aug 10, 2021 - Economy & Business

Exclusive: Salesforce enters the streaming wars

Illustration: Megan Robinson/Axios

Salesforce is the latest tech giant to venture into video streaming with the launch of a new service aimed at business professionals called Salesforce+, the company's chief marketing officer Sarah Franklin tells Axios.

Why it matters: The service is part of a greater effort to transition Salesforce's marketing approach from paid customer acquisition to owned and operated media.

Stock buybacks boom as corporate cash piles grow

The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year. 

Why it matters: Companies hoarded cash and raised prices over the past year — leaving them with a lot of money and decisions about what to do with it.

1 hour ago - Health

Health policies at stake in Democrats' infrastructure bet

Illustration: Annelise Capossela/Axios

Democrats are at a pivotal moment in their quest to expand health care coverage, slash the cost of prescription drugs and create a social structure that prioritizes people's health.

Driving the news: Democrats have a clear list of health care priorities they'll be fighting for this week. Among them is a measure to expand Medicare to cover dental, vision and hearing benefits.