UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2005
GRUPO TELEVISA, S.A.
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(Translation of registrant's name into English)
Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico, D.F.
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(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.)
Yes No X
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If "Yes" is marked indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-______.
[LOGO - Grupo Televisa, S.A.] [LOGO - EMI]
FOR IMMEDIATE RELEASE
EMI AND TELEVISA FORGE MAJOR MUSIC PARTNERSHIP
FOR MEXICO AND U.S. LATIN MARKET
London and Mexico City, July 19 2005 -- EMI, the world's largest
independent music company, and Grupo Televisa, the world's largest
Spanish-language media company, announced today that they are combining
their respective strengths in music, distribution and media to enter into a
major new partnership, which will include the formation of a new joint
venture record company in Mexico ("Televisa EMI Music"), and Televisa's
participation in EMI's U.S. Latin operations, effective 1 September ("EMI
Televisa Music").
NEW JOINT VENTURE IN MEXICO: TELEVISA EMI MUSIC Televisa and EMI will
establish a new 50/50 joint venture record company, Televisa EMI Music,
which will develop and market music from stars of Televisa's popular
telenovela programmes, such as "Rebelde," "Complices al Rescate" and other
properties, as well as produce TV advertised compilation albums which will
be manufactured and distributed by EMI's current infrastructure. EMI is
contributing to Televisa EMI Music a working capital facility, as well as
licensing various television-advertised compilations and other artist
releases while Televisa will provide a specific portion of Televisa EMI
Music's media support. In addition, Televisa EMI Music will also pursue
deals with and develop recording artists in Mexico, a music market that the
IFPI valued at U.S.$360 million in 2004, up 9% from the prior year.
EMI Music will maintain EMI Music Mexico's existing operations separate
from Televisa EMI Music, whose roster includes top-selling acts such as
Aleks Syntek, RBD, Fey, El Gran Silencio, Plastilina Mosh, and Lucero, but
will participate with Televisa EMI Music in certain specific projects.
TELEVISA TEAMS WITH EMI MUSIC IN U.S. LATIN MARKET
In a move aimed at capitalizing on the growing U.S. Latin market, Televisa
will partner in the existing Miami-based EMI Music U.S. Latin operations,
which will be renamed EMI Televisa Music and includes artists such as
Thalia, Intocable, AB Quintanilla & Kumbia Kings, and Vico C, among others.
Televisa will contribute significant media support to artists and products.
Both Ventures - Televisa EMI Music in Mexico, and EMI Televisa Music in the
U.S., will be headed by Rodolfo Lopez-Negrete, who is currently Director,
Televisa Music. He will report jointly to Marco Bissi, President and CEO,
EMI Music Latin America, and Javier Prado, General Director of Televisa
Entertainment.
EMI Music Chairman & CEO Alain Levy said: "Developing local artists and
music from all regions is central to EMI Music's strategy. By partnering
with the largest media company in the Latin market, we will further develop
our already strong artist base, drive growth and generate significant new
revenue streams in our Latin American and U.S. Latin businesses."
"We are looking forward to combining our knowledge of the music market with
Televisa's experience and direct connection to consumers and powerful reach
to grow our share significantly in the Latin market over the coming years."
Grupo Televisa's Chairman and CEO Emilio Azcarraga Jean said: "Televisa is
delighted to reenter the music business through this partnership with EMI,
one of the biggest record companies in the world. This partnership fits
with Televisa's strategy to look for new opportunities in the U.S. Latin
Market and will enrich Televisa's sources for content while leveraging its
different media platforms."
Azcarraga Jean continued, "We are looking forward to partnering our
resources with EMI's strength, experience, vast distribution network and
infrastructure in the music business, which will undoubtedly contribute to
Televisa's expansion and consolidation in Latin America."
LATIN: GROWTH MARKET IN U.S.
Televisa and EMI Music enter this deal as EMI demonstrated significantly
improved performance in the Latin region, increasing its overall revenues
by 9 percent and growing its market share from 12.3 percent to 15.6 percent
in its fiscal year '04/'05.
Indeed, according to the IFPI, the overall Latin American music market
valued at more than U.S.$903 million in 2004, is coming off two consecutive
years of growth, with the trend expected to continue this year.
In addition, according to the RIAA, Latin music in the U.S. also surged in
2004 with total Latin Music shipments to U.S. retail increasing by 25.6% --
48.5 million units in 2004 compared to 38.6 million the year prior;
representing a total dollar value of U.S.$650M.
EMI and Televisa have entered into an agreement, which provides that, in
certain specific circumstances, (i) in the case of Televisa EMI Music,
either party will have the right to acquire the other party's interest in
Televisa EMI Music in accordance with an agreed formula, and (ii) in the
case of EMI Televisa Music, Televisa may require EMI to purchase or EMI may
require Televisa to sell their rights to Televisa's participation in the
U.S. venture.
These ventures are subject to any applicable regulatory clearances.
ABOUT TELEVISA
Grupo Televisa, S.A. is the largest media company in the Spanish-speaking
world, and a major participant in the international entertainment business.
It has interests in television production and broadcasting, production of
pay television networks, international distribution of television
programming, direct-to-home satellite services, publishing and publishing
distribution, cable television, radio production and broadcasting,
professional sports and live entertainment, feature film production and
distribution, and the operation of a horizontal Internet portal. Grupo
Televisa also owns an unconsolidated equity stake in Univision, the leading
Spanish-language media company in the United States.
ABOUT EMI MUSIC
EMI Music is a division of London Stock Exchange-listed EMI Group plc. EMI
Music operates directly in 50 countries with licensing agreements in a
further 20, representing more than 1,000 artists spanning all musical
tastes and genres. Major-selling local artists in the Latin American market
over the last twelve months have included Thalia, Intocable, Marisa Monte,
Charlie Brown, RBD, Tiziano Ferro, Amaral, AB Quintanilla & Kumbia Kings,
Aleks Syntek, Ricardo Montaner, Los Nocheros, Fey and Bebe, among others.
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FOR EMI, CONTACT:
Jeanne Meyer, Corporate Communications EMI New York 212-786-8850
Amanda Conroy, Corporate Communications, EMI London, +44.20.7795.7529
Adam Grossberg, Corporate Communications EMI New York 212-786-8855
Claudia Palmer, Investor Relations, EMI London, +44.20.7795.7635
Susie Bell, Investor Relations, EMI London, +44.20.7795.7971
FOR TELEVISA, CONTACT:
Manuel Compean, Corporate Communications Grupo Televisa, +5255 5728 3815
Michel Boyance, Investor Relations Grupo Televisa, +5255 5261 2445
Alejandro Eguiluz, Investor Relations Grupo Televisa +5255 5261 2445
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GRUPO TELEVISA, S.A.
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(Registrant)
Dated: July 21, 2005 By /s/ Jorge Lutteroth Echegoyen
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Name: Jorge Lutteroth Echegoyen
Title: Controller, Vice-President