Univision Finalizes Disa Records Purchase
November 1, 2006 at 3:44 PM (PT)
UNIVISION COMMUNICATIONS today (11/1) announced the purchase of the remaining 50% of MEXICO-based DISA RECORDS and EDIMONSA PUBLISHING. UNIVISION purchased 50% of DISA from the CHAVEZ family of MONTERREY, MEXICO in JUNE 2001 with the provision to purchase the remaining 50% in five years.
UNIVISION MUSIC GROUP/MEXICOS's CARLOS RUIZ is named VP/GM of DISA, which will continue to operate as a separate label under the UNIVISION MUSIC GROUP. EDIMONSA will be merged into the UNIVISION MUSIC PUBLISHING companies.
"I want to congratulate the CHAVEZ family for building a successful record and publishing company that has endured the test of many years in the Latin music industry, and I wish them success in future endeavors," said UNIVISION MUSIC GROUP Pres./CEO JOSE BEHAR. "I am very excited about the role CAROLS RUIZ will play in continuing the success of DISA RECORDS. I am confident in his ability to capitalize on the label’s current position in the marketplace and further strengthen the DISA brand under UNIVISION MUSIC GROUP."
The CHAVEZ family said, "We deeply thank our friends JERRY PERENCHIO and JOSE BEHAR for opening the doors of UNIVISION to the DISA RECORDS label and for their confidence and support during our five-year venture. We believe that, under the direction of CARLOS RUIZ and JOSE BEHAR, DISA will continue to be one of the most important and successful regional Mexican music labels."
RUIZ said, "I am thrilled about my new position with DISA RECORDS and look forward to the challenge of leading a music label with such a powerful roster of artists and with such a rich catalog of music."