Televisa Signs Deal With Netflix

Televisa will make available 3,000 hours of content annually to Netflix under a multi-year licensing deal.

MEXICO CITY -- Mexico's top network Televisa announced on Tuesday that it has inked a multi-year content licensing agreement with Netflix.

Under the agreement, Televisa will provide 3,000 hours of progamming annually to Neflix on a non-exclusive basis.

"This agreement will increase the availability of Televisa programming in Latin America, Brazil and the Caribbean, where Netflix has announced its plan to launch subscription streaming by the end of the year," the broadcaster said.

The deal does not include the United States. Bloomberg News reported on Monday that Netflix also signed a deal with TV Azteca, Mexico's No. 2 network, for up to 1,500 hours of programming. The content, which includes the Mexican networks popular soap operas, will be made available to Netflix one year after it airs on broadcast TV. 

 Financial details of the Televisa deal were not disclosed.