Cisneros Media (CMD), also known as Venevision International (VVI), is an American-based entertainment company that broadcasts Spanish-language television worldwide.
The company opened its doors in 1969 under the name Teverama Florida, along with Radio Caracas Television as distributors of Venezuelan programming abroad.
[4] In 1992, as part of a consortium of American businessman Jerry Perenchio, Mexican entrepreneur Emilio Azcárraga Milmo, and Grupo Cisneros through Venevisión International bought Univision for $500 million.
[5] VVI presently supports exchange agreements and sales of TV programming in China and South Korea, where telenovelas are popular.
Beginning in 2000, the company sought to diversify its catalogue with original productions, and to participate in the profitable Hispanic market in the United States.
It released movies in cinemas and on pay-per-view, pay television, home video, the hospitality industry (hotels and tourism) and the Internet.
[9] CMD has also participated with the Spanish company Nostromo in television programming[10] and in the production of theater plays in the city of Miami where it owned a theatre from 2001 through 2005.