Movistar+

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Movistar+
Trade name
Movistar+
IndustryPay television
Predecessor
Founded8 July 2015
Headquarters
Avenida de los Artesanos, 6
28760 Tres Cantos, Madrid
,
Spain
Area served
Spain, Andorra
ProductsSatellite Television
IPTV
ParentTelefónica, S.A.
Websitewww.movistar.es/particulares/movistarplus

Movistar+ is the trade name of the subscription platform for digital television owned by Telefónica, which operates in Spain and is distributed via optical fiber and ADSL and as well as with satellites such as Astra. The platform, which was officially launched on July 8, 2015, stems from the merger of Canal+ and Movistar TV. It is the largest subscription television provider in Spain with 3,9 million customers and 48% of market share.[1]

History[]

See also: Canal+ (Spanish satellite broadcasting company) and Movistar TV

In 2013, even though they had previously happened during 2008,[2] some negotiations about Canal+ sale appeared again. These ones would be more real because of the hurry banks had to solve Prisa's debt to them.[3]

In June 2014, Prisa accepted Telefónica's offer to own Canal+.[4] One month later, Mediaset España would sell its share to Telefónica so it could obtain the 100% of the company.[5]

On 8 July 2015, Telefónica launched Movistar+, a new platform from the merger of Canal+ and Movistar TV which involved changes in the packages and new channels in both platforms.

It is a Pay-TV platform in Spain, owned by Telefónica. The platform, which broadcasts via cable and satellite, was officially launched on July 8, 2015 and stems from the merger of Canal+ (satellite) and Movistar TV (IPTV) platforms.

Currently the subscription television platform, with more subscribers in Spain.

Since 2013, various news regarding the possible purchase of Canal + were published by Telefónica for PRISA could eliminate some of its debt. According to media reports, there were also many companies that wanted to buy the Pay-TV platform, as Al Jazeera, Vivendi and Liberty Global mogul Rupert Murdoch. However, this sale had no media coverage and it seemed that the negotiations and bids They lengthen much.

On May 6, 2014, Telefónica submitted a binding to gain 56% PRISA had in Canal +, in exchange for paying about 725 million offer euros. The next day, the media echoed the acceptance of PRISA were made. The seller stated that "for a period of thirty days," since then negotiate with the buyer to continue the buying process, which would be regulated and reviewed by the CNMC and Brussels, that there was no monopoly or establish a negative conditions for competency. Closing of this sale is subject to obtaining the necessary authorization from the competition authorities and approval by a representative panel of banks financing PRISA.

The June 18, 2014, Telefónica submitted a binding offer to acquire 295 million euros for 22% of Canal+ in the hands of Mediaset Spain.

On July 4, 2014, Mediaset Spain accepted the offer to purchase 22% of Canal+ Telefónica.

The April 22, 2015, the CNMC gave its approval to the sale of Canal+ to Telefónica. After this, Canal + began the process of merger with Movistar TV the July 7, 2015, which resulted in Movistar+.

Channels operated by Movistar+[]

References[]

  1. ^ "CNMCData - Informe Trimestral". data.cnmc.es. Retrieved 10 June 2021.
  2. ^ "La negociación de venta Digital+ empezará pronto, según fuentes". Reuters (in Spanish). 8 September 2008. Archived from the original on 12 July 2015. Retrieved 6 March 2019.
  3. ^ Marco, Agustín (7 February 2013). "Telefónica negocia la compra de Canal+ a Prisa para salvarla de los bancos". El Confidencial (in Spanish). Titania Compañía Editorial, S.L. Retrieved 6 March 2019.
  4. ^ Jiménez, Miguel (2 June 2014). "PRISA firma la venta del 56% de Canal+ a Telefónica por 750 millones". El País (in Spanish). Madrid: Prisa. Retrieved 6 March 2019.
  5. ^ "Mediaset acepta la oferta de Telefónica por su 22% de Canal+, según medios". Reuters (in Spanish). Madrid. 3 July 2014. Retrieved 6 March 2019.

External links[]

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