Viacom International Media Networks To Acquire Majority Interest in Porta dos Fundos, A Leading Comedy Content Producer in Brazil

Deal Furthers Viacom’s Commitment to Original Content Creation for all Platforms by Adding World’s Most Influential YouTube Channel* to its Portfolio

Acquisition Builds on Viacom’s Long Track Record of Successful Investment in Latin America

Wednesday, April 19, 2017 12:31 pm EDT

Dateline:

Miami / São Paulo
"The partnership with VIMN couldn’t make us happier. The venture is a big step for the group towards expanding into the international market, with new global opportunities for our portfolio both on and offline.  Additionally, the deal provides exceptional distribution channels for our content."

Viacom International Media Networks (VIMN) today announced a definitive agreement for the acquisition of a majority interest in Porta dos Fundos.  The acquisition will add one of Brazil’s leading short-form comedy content producers and the most influential global YouTube channel, according to the Zefr ranking*, to the Viacom portfolio, expanding the company’s scale in Latin America and further extending its content creation pipeline.

Porta dos Fundos, founded by Fabio Porchat, Antonio Tabet, João Vicente de Castro, Ian SBF and Gregorio Duvivier in 2012, is a leading video production company in Brazil known for creating short-form comedy sketches and television programming.  Owned and operated by the company, the Porta dos Fundos YouTube channel is also a top 10 global Most Subscribed Entertainment channel** and currently has over 13 million subscribers.  The channel recently surpassed three billion video views, making it the fifth most viewed Brazilian video producer on YouTube**.  The combination of Porta dos Fundos with VIMN’s popular pay TV networks, which include Comedy Central, MTV, Nickelodeon and Paramount Channel, further strengthens VIMN’s position in Brazil.

Pierluigi Gazzolo, President of VIMN Americas who will oversee the business, commented: “As we continue to build scale in the Latin American region, our investment in Porta dos Fundos furthers our commitment to the Brazilian market and increases our ability to create innovative content, often native to digital platforms, which will complement our existing Viacom brands and capabilities.  The talent and creativity showcased by the founding members of Porta dos Fundos in building this brand is impressive, and we are excited to join forces to expand its presence outside of Brazil via our highly successful network of brands around the world.  We firmly believe that content ownership is a key driver of success and are happy to add this new dimension to our portfolio.”

Tereza Gonzalez, CEO of Porta dos Fundos, says: “The partnership with VIMN couldn’t make us happier. The venture is a big step for the group towards expanding into the international market, with new global opportunities for our portfolio both on and offline.  Additionally, the deal provides exceptional distribution channels for our content.” 

The Porta dos Fundos founding team has built a powerhouse in the Brazilian comedy genre with innovative content and a tremendous creative vision that will continue to drive the company’s growth and further advance the partnership.  Through this venture, VIMN and Porta dos Fundos will collaborate on various new productions in an effort to further strengthen the creative pipeline of original content for the brands’ linear and non-linear platforms.  Given VIMN’s strong history in the comedy genre with Comedy Central, one of the company’s flagship brands, this pairing is a great complement and will provide countless opportunities in this area.  Previously, the companies worked together on the coproduction of Portatil, a five part series that showcased Porta dos Fundos’ theater show and aired on Comedy Central Brazil in 2016. 

This acquisition will build on Viacom’s long and successful track record of investment in Brazil, which began with the launch of MTV in 1990.  Viacom’s portfolio in the market now includes seven branded pay TV networks, including Comedy Central, Paramount Channel, VH1, Nickelodeon and Nick Jr., among others; a suite of authenticated TV Everywhere mobile applications; multiple on-the-ground events and experiences; and an extensive consumer products catalogue.  VIMN has maintained a local office in São Paulo since 1998.  Given VIMN’s recent acquisition of the number one free to air channel in Argentina, Telefe, and its robust portfolio of pay TV networks, Porta dos Fundos further expands the company’s presence on all media distribution and content creation platforms.

Porta dos Fundos’ assets also include other YouTube channels, the portadosfundos.com.br website, an extensive library of short-form clips, several television series, multiple mobile applications and games, as well as a line of consumer products.

Under the terms of the transaction, VIMN has an option to further increase its ownership position in Porta dos Fundos in the future.

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* Zefr Top 10 Overall Influencers of 2016 –  Porta dos Fundos #1 influencer

**VidStatsX: YouTube Top 100 Most Subscribed Entertainment Channels and YouTube Top 100 Most Viewed Video Producers by Video Views

About Viacom International Media Networks

Viacom International Media Networks - Americas, a unit of Viacom Inc. (NASDAQ: VIAB, VIA), owns and operates the company’s portfolio of entertainment brands, which include MTV, Nickelodeon, Nick Jr., Comedy Central, Paramount Channel, VH1 and their respective properties in Latin America (including Brazil). Additionally, the portfolio includes Tr3s in the US, which targets a broad US Hispanic audience; VIMN’s programming partnerships in Canada with Corus Entertainment for Nickelodeon and Bell Media for MTV and Comedy Central; and Telefe, one of the leading free-to-air networks in Argentina. The company’s multiplatform business offers a wide-array of products including mobile apps, MTV Play, Nick Play and Comedy Central Play; on-demand products, Nick First and My Nick Jr., and SVOD products, Noggin, in addition to its multiple websites and social media platforms.

About Porta dos Fundos

Porta dos Fundos is a comedy group created in 2012 by five friends - Antonio Tabet, Fábio Porchat, Gregorio Duvivier, Ian SBF and João Vicente de Castro - unhappy with the lack of creativity in the Brazilian comedy television.  After four years posting short videos on the web, Porta dos Fundos has topped Zefr’s 2016 list as the most influential YouTube channel in the world, with 13 million subscribers and more than 3 billion views. The group also launched a play, several TV series and a feature film.

Contacts:

VIMN Americas: Claudia Franklin, VIMN Americas (Miami) +1 305 938 4949 / claudia.franklin@vimn.com

VIMN Brazil: Natasha Novak (São Paulo), +55 11 3866 1732 / natasha.novak@vimn.com

Porta dos Fundos: Fernanda Thompson Estratégias – Camila Caron, +55 11 3088 4252 / camila.caron@fernandathompson.com.br

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