Fox Acquires Caliente TV in M&A Deal to Expand Presence in Sports Streaming

orm business that will include the launch of a new pay TV channel and an SVoD platform, enabling it to produce and distribute around 3,000 hours of original sports content.
The deal also sees Fox take over Caliente’s lucrative portfolio of premium sports rights, which includes coverage of the English Premier League and FA Cup, the UEFA Champions League and France’s Ligue 1.
With the rise of streaming platforms in the entertainment industry, Fox is looking to enhance its digital sports content offering by acquiring Caliente TV. This move not only expands Fox’s sports broadcasting presence in Mexico but also signifies a strategic step towards establishing a strong foothold in the Mexican market.
Carlos Martinez, a seasoned executive with experience at Turner Broadcasting System, Discovery, and Fox, has been appointed as executive VP and MD for Latin America to oversee the transition and launch of Caliente TV under the Fox brand in Central America. Martinez’s expertise in broadcast strategy will be instrumental in managing the operations of the new Fox channels and platforms, which are expected to employ over 350 individuals.
Although the financial details of the acquisition have not been disclosed, Fox’s investment in Caliente TV demonstrates its commitment to building a prominent sports streaming business in Mexico. By leveraging Caliente’s extensive portfolio of premium sports rights, such as the English Premier League, FA Cup, UEFA Champions League, and France’s Ligue 1, Fox aims to provide a diverse range of sports content to its audience.
In a rapidly evolving media landscape where streaming is becoming increasingly popular, Fox is adapting by gearing up to launch a direct-to-consumer streaming platform, Fox One, later this year. With an existing AVoD offering in Tubi, Fox is poised to enter the digital sports content arena with a strong foundation. Martinez emphasized the significance of Fox’s acquisition of Caliente TV, highlighting its potential to reach a vast audience, offer exclusive sports leagues, and showcase talented individuals in the sports industry.
As the entertainment industry shifts towards digital platforms, the acquisition of Caliente TV positions Fox to capitalize on the growing demand for sports content in Mexico and Central America. By combining resources and expertise, Fox is strategically positioned to deliver high-quality original sports programming while expanding its reach in the region. This acquisition marks a significant milestone for Fox as it continues to innovate and adapt to the changing landscape of broadcast media.