Univision Acquires Full Control of Disa Records
02 November 2006 - 7:24AM
Business Wire
Univision Communications Inc. (NYSE:UVN), the leading
Spanish-language media company in the United States, today
announced the purchase of the remaining 50% of Mexico-based Disa
Records and Edimonsa Publishing. Univision purchased 50% of Disa
from the Ch�vez family of Monterrey, Mexico, in June 2001 with the
provision to purchase the remaining 50% in five years. With this
purchase, Univision Music Group (UMG), the leading Latin music
company in the U.S., accounts for over 40% of the Latin music
market share in the country. Disa Records will continue to operate
as a separate label under UMG, similar to Fonovisa Records,
Univision Records and La Calle Records. Edimonsa Publishing will be
merged into the Univision Music Publishing companies. Carlos Ruiz
has been appointed Vice President/General Manager of Disa Records.
He previously served for Univision Music Group-Mexico, where he
developed commercial strategies to leverage business growth. Ruiz�
career in the Latin music industry spans over 18 years and includes
leadership positions with Warner Music Brazil, Peerless-MCM and
Metro Casa Musical. �I want to congratulate the Ch�vez family for
building a successful record and publishing company that has
endured the test of�many years in the Latin music industry and I
wish them success in future endeavors,� said Jos� Behar, President
and Chief Executive Officer, UMG. �I am very excited about the role
Carlos Ruiz will play in continuing the success of Disa Records. I
am confident in his ability to capitalize on the label�s current
position in the marketplace and further strengthen the Disa brand
under Univision Music Group.� The Ch�vez family expressed, �we
deeply thank our friends Mr. Jerry Perenchio and Mr. Jos� Behar for
opening the doors of Univision to the Disa Records label and for
their confidence and support during our five-year venture. We
believe that, under the direction of Mr. Carlos Ruiz and Mr. Jos�
Behar, Disa will continue to be one of the most important and
successful regional Mexican music labels. Congratulations to
Univision and we reiterate that, Disa Records and Edimonsa
Publishing will continue to flourish within the Univision Music
Group.� �I am thrilled about my new position with Disa Records and
look forward to the challenge of leading a music label with such a
powerful roster of artists and with such a rich catalog of music,�
said Ruiz. Disa Records currently represents an impressive roster
of international artists including Montez de Durango, Los
Horoscopos, Patrulla 81, Los Brindis and Beto y Sus Canarios. Disa
Records will continue to operate primarily from Monterrey, Mexico,
with major offices in Mexico City, Los Angeles, San Antonio and
Miami. Univision Communications Inc. is the premier
Spanish-language media company in the United States. Its operations
include Univision Network, the most-watched Spanish-language
broadcast television network in the U.S. reaching 99% of U.S.
Hispanic Households; TeleFutura Network, a general-interest
Spanish-language broadcast television network, which was launched
in 2002 and now reaches 87% of U.S. Hispanic Households;
Galavisi�n, the country�s leading Spanish-language cable network;
Univision Television Group, which owns and operates 62 television
stations in major U.S. Hispanic markets and Puerto Rico; Univision
Radio, the leading Spanish-language radio group which owns and/or
operates 69 radio stations in 16 of the top 25 U.S. Hispanic
markets and 4 stations in Puerto Rico; Univision Music Group, which
includes Univision Records, Fonovisa Records,�La Calle Records and
Mexico-based Disa Records as well as Fonomusic and America Musical
Publishing companies; and Univision Online, the premier
Spanish-language Internet destination in the U.S. located at
www.univision.com. Univision Communications also has a 50% interest
in TuTv, a joint venture formed to broadcast Televisa�s pay
television channels in the U.S., and a non-voting 14.9% interest in
Entravision Communications Corporation, a public Spanish-language
media company. Univision Communications is headquartered in Los
Angeles with television network operations in Miami and television
and radio stations and sales offices in major cities throughout the
United States. For more information, please visit
www.univision.net. NOTE TO EDITORS: This release also available in
Spanish:
http://www.hispanicprwire.com/news.php?l=es&id=7425&cha=7.
Univision Communications Inc. (NYSE:UVN), the leading
Spanish-language media company in the United States, today
announced the purchase of the remaining 50% of Mexico-based Disa
Records and Edimonsa Publishing. Univision purchased 50% of Disa
from the Chavez family of Monterrey, Mexico, in June 2001 with the
provision to purchase the remaining 50% in five years. With this
purchase, Univision Music Group (UMG), the leading Latin music
company in the U.S., accounts for over 40% of the Latin music
market share in the country. Disa Records will continue to operate
as a separate label under UMG, similar to Fonovisa Records,
Univision Records and La Calle Records. Edimonsa Publishing will be
merged into the Univision Music Publishing companies. Carlos Ruiz
has been appointed Vice President/General Manager of Disa Records.
He previously served for Univision Music Group-Mexico, where he
developed commercial strategies to leverage business growth. Ruiz'
career in the Latin music industry spans over 18 years and includes
leadership positions with Warner Music Brazil, Peerless-MCM and
Metro Casa Musical. "I want to congratulate the Chavez family for
building a successful record and publishing company that has
endured the test of many years in the Latin music industry and I
wish them success in future endeavors," said Jose Behar, President
and Chief Executive Officer, UMG. "I am very excited about the role
Carlos Ruiz will play in continuing the success of Disa Records. I
am confident in his ability to capitalize on the label's current
position in the marketplace and further strengthen the Disa brand
under Univision Music Group." The Chavez family expressed, "we
deeply thank our friends Mr. Jerry Perenchio and Mr. Jose Behar for
opening the doors of Univision to the Disa Records label and for
their confidence and support during our five-year venture. We
believe that, under the direction of Mr. Carlos Ruiz and Mr. Jose
Behar, Disa will continue to be one of the most important and
successful regional Mexican music labels. Congratulations to
Univision and we reiterate that, Disa Records and Edimonsa
Publishing will continue to flourish within the Univision Music
Group." "I am thrilled about my new position with Disa Records and
look forward to the challenge of leading a music label with such a
powerful roster of artists and with such a rich catalog of music,"
said Ruiz. Disa Records currently represents an impressive roster
of international artists including Montez de Durango, Los
Horoscopos, Patrulla 81, Los Brindis and Beto y Sus Canarios. Disa
Records will continue to operate primarily from Monterrey, Mexico,
with major offices in Mexico City, Los Angeles, San Antonio and
Miami. Univision Communications Inc. is the premier
Spanish-language media company in the United States. Its operations
include Univision Network, the most-watched Spanish-language
broadcast television network in the U.S. reaching 99% of U.S.
Hispanic Households; TeleFutura Network, a general-interest
Spanish-language broadcast television network, which was launched
in 2002 and now reaches 87% of U.S. Hispanic Households;
Galavision, the country's leading Spanish-language cable network;
Univision Television Group, which owns and operates 62 television
stations in major U.S. Hispanic markets and Puerto Rico; Univision
Radio, the leading Spanish-language radio group which owns and/or
operates 69 radio stations in 16 of the top 25 U.S. Hispanic
markets and 4 stations in Puerto Rico; Univision Music Group, which
includes Univision Records, Fonovisa Records, La Calle Records and
Mexico-based Disa Records as well as Fonomusic and America Musical
Publishing companies; and Univision Online, the premier
Spanish-language Internet destination in the U.S. located at
www.univision.com. Univision Communications also has a 50% interest
in TuTv, a joint venture formed to broadcast Televisa's pay
television channels in the U.S., and a non-voting 14.9% interest in
Entravision Communications Corporation, a public Spanish-language
media company. Univision Communications is headquartered in Los
Angeles with television network operations in Miami and television
and radio stations and sales offices in major cities throughout the
United States. For more information, please visit
www.univision.net. NOTE TO EDITORS: This release also available in
Spanish:
http://www.hispanicprwire.com/news.php?l=es&id=7425&cha=7.
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