Televisa & Univision settle litigation.

Grupo Televisa S.A.B. and Univision Communications Inc. today announced that they have amended the current Program License Agreement (“PLA”).   In connection with the amended PLA, litigation between the parties underway in Los Angeles federal court has been settled and will be dismissed. 
 
In connection with the settlement, the amended PLA, which runs through 2017, includes a simplified royalty calculation, which will result in increased payments to Televisa in exchange for incremental rights for Univision.   Specific terms were not disclosed. 
 
The companies issued the following statement:  “We are pleased that today’s settlement concludes this time-consuming litigation. This settlement serves the best business interests of both Televisa and Univision. It assures the public that Univision will continue to have access to consistently top quality Hispanic programming. It enables Televisa to continue utilizing Univision’s extensive television networks as an important distribution channel for its content into the U.S. marketplace. For Univision, it assures that there will be no disruption in some of its most popular and valuable programming, as well as affording Univision an ongoing pipeline of future content developed by Televisa.”
 
Under a separate agreement, Televisa will license to Univision the home games for the three Televisa-owned teams — America, Necaxa and San Luis — for 2009.
 
As previously planned, the United States Internet rights to Televisa programming will be adjudicated in a federal district court in Los Angeles in March 2009.