TV Azteca and NBC Universal’s Telemundo announced that they have reached an accord and settled multiple lawsuits which had been filed in Mexican and US courts. The dispute had primarily centered around attempts by Telemundo to produce programming in Mexico with a company partly owned by a former Azteca employee.
“Intellectual property is the cornerstone of the television business in any part of the world, and we see this agreement as a step forward in the development of Spanish- language television in the United States and Mexico,” said Mario San Roman, CEO of TV Azteca, which owns Azteca America in the US.
In the event that a dispute does arise, both sides have pledged to attempt to resolve issues privately before filing any formal legal action.
