Investor Presentaiton
VIII Licensing and Syndication
Step-up in royalty rate already happening
Univision Royalties
•
400
350
300
250
200
156
138
147 143
150
100
50
0
358
336.8
325
314 311
314
273
248
225
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM
Royalties (US$mm)
2Q18
.
Univision royalties make up most of
Licensing and Syndication revenue.
Step-up in the royalty rate by 36%
started in 2018
Second-quarter royalties from
Univision reached U.S.$102.6 million,
25.2% increase when compared to
second quarter 2017
The Royalty agreement does not expire unless
Televisa voluntarily sells two thirds of its
investment, but in no event earlier than 2025
(1) In 2014, Univision transmitted the World Cup which contributed with US$174.2 million of incremental net advertising revenue.
(2) Prior to 2011, Licensing and Syndication revenues were classified under Programming Exports and are not directly comparable
Source: Grupo Televisa's and Univision's public filings
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