When a report surfaced in late December that Telemundo was planning on building new studios based on the filing of a development application, a company spokesperson called the South Florida Business Journal story “completely speculative” and refused to confirm it.
But now, the company has announced that next Tuesday, February 9, NBCUniversal Telemundo Enterprises will break ground on what will be their new global headquarters in Miami.
The new facility will house the company’s Hispanic franchises and all of its Hispanic content efforts across all of NBC Universal’s networks and platforms. That includes the Telemundo Network, Telemundo Studios, NBC UNIVERSO, Telemundo International, and its Digital Media operations.
Currently, some of those properties operate out of different locations.
Florida Governor Rick Scott is scheduled to deliver a special address at the event, which will be attended by César Conde, Chairman of NBCUniversal Telemundo Enterprises and David L. Cohen, Senior EVP of Comcast Corporation and Chief Diversity Officer, who will address Comcast’s investment in Florida.
Update 2/5/15: A source with knowledge of the deal told the Business Journal that the long-term lease was valued at over $400 million.