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ADRIANA CISNEROS NATPE Daily 2012 . Day 1 . January 23 18 W hen Adriana Cisneros looks north to the U.S. market, she’s really thinking about Venezuela. Because when the Cisneros group of companies takes something to the international market – whether it’s telenovelas for Latin America or the scripted ideas it’s currently pushing on the Big Five networks in the U.S. – the idea is often informed by extensive test flights over its native country. Venezuela, home of the Cisneros-owned Venevision broadcast network and its many corporate siblings, acts as a laboratory for the group’s media holdings, she explains, in no small part because Venezuelans are so mad for social media. "We have an amazing advantage because, for some bizarre reason, it’s a very interactive, social country,” she says of the fourth or fifth busiest country on Twitter and the seventh busiest on Facebook. “We picked up on this and started designing new productions that have a 360- degree approach – making all our productions completely interactive,” and appealing to viewers younger than the typical telenovela fan. That was five years ago, around the time the granddaughter of founder Diego Cisneros stepped into her role as vice chairman and director of strategy at the family company. Back then, interactive meant setting up Facebook pages and she pulled what she admits was a less-than-innovative company into the 21st century. Now the Cisneros Group is keen on social TV applications like GetGlue, which, similar to the Foursquare app, allow viewers to ‘check-in’ to programs. The company is also close to a deal with Argentina-based social TV service ComentaTV on a roll- out in Venezuela. “For the next three years we’re going to be very focused on continuing to learn and explore social TV,” says Cisneros. Cisneros Group is also investing in ‘TV everywhere’ technology so that its content can be screen- agnostic, just as the company looks to be a border-agnostic player across Latin America. That said, Cisneros says the rise of netcasting – she expects Netflix will do well in Lat Am – is changing programming tastes across the region. Viewers are getting so used to seeing content from so many different territories, thanks to the internet, that taboos against local material are starting to fade away, she says. Latin American media firms used to live by the rule of avoiding specific references to a particular country, she notes. “But we no longer have to create content that has to work well in all countries. There could be great value in seeing programming that’s actually a very specific snapshot situated in a specific country.” Lessons learned in South America often apply in the North, where the U.S. Hispanic market is growing rapidly. When Cisneros sold its telenovela Eva Luna to longtime partner Univision, the ratings surprised even the statisticians at Nielsen. The ratings company called Cisneros to say that two million young Hispanic viewers had “appeared out of nowhere” to watch the show, which arrived on the Spanish-language U.S. network with ample interactive add-ons. Nielsen hadn’t known that those viewers even existed. Eva Luna was “the first soap we’d done in the U.S. where we brought over all our knowledge of interactive strategy from Venezuela,” she says. It’s now the template on which all the company’s other Univision shows are based – both for additional telenovelas and upcoming projects that look to push the traditional boundaries of the U.S. Hispanic market. But as the U.S. market grows, so does interest from networks other than Univision. Cisneros says the company is also “starting conversations” on possible co- productions with the Big Five English-language majors – offering their expertise on Hispanics in exchange for getting a foot in Hollywood’s door. “I’m telling the networks they need to have the Hispanic market; there are 55 million in the U.S. and a lot of them really like watching TV in English. They need programming that will bring them to their networks, so why not, when creating a new sitcom or series, let us help you give it a Latin undertone?” Cisneros says the company has one such project that is set in Miami amid a circle of American women. “But it has a very strong Latina aspect,” a subtle combo of music, culture and setting that will lure Hispanics without alienating Anglos. Cisneros points to Modern Family and its Latin cast as an example. The ABC series is “step one,” she says, “but we need to do things with a little more sophistication, a little more depth.” Hear more from Adriana Cisneros in the Thought Leadership one-on- one session today at 11:00 a.m. in the Fontaine Ballroom. U.S. networks need the Hispanic market – there are 55 million in the U.S. and a lot of them like watching TV in English.Adriana Cisneros Cisneros Group’s Adriana Cisneros tells Sean Davidson how the company test-flies ideas in Venezuela before taking them abroad and how she’s now taking those ideas into the English-speaking U.S. market. Today Caracas, tomorrow the world Cisneros telenovela Eva Luna

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ADRIANA CISNEROS NATPE Daily 2012 . Day 1 . January 23

18

When Adriana Cisneroslooks north to the U.S.market, she’s really

thinking about Venezuela. Becausewhen the Cisneros group ofcompanies takes something to theinternational market – whether it’stelenovelas for Latin America or thescripted ideas it’s currently pushingon the Big Five networks in theU.S. – the idea is often informed byextensive test flights over its nativecountry.

Venezuela, home of theCisneros-owned Venevisionbroadcast network and its manycorporate siblings, acts as alaboratory for the group’s mediaholdings, she explains, in no smallpart because Venezuelans are somad for social media.

"We have an amazing advantagebecause, for some bizarre reason,it’s a very interactive, social country,”she says of the fourth or fifth busiestcountry on Twitter and the seventhbusiest on Facebook. “We pickedup on this and started designingnew productions that have a 360-degree approach – making all ourproductions completely interactive,”and appealing to viewers youngerthan the typical telenovela fan.

That was five years ago, aroundthe time the granddaughter offounder Diego Cisneros steppedinto her role as vice chairman anddirector of strategy at the familycompany. Back then, interactivemeant setting up Facebook pagesand she pulled what she admitswas a less-than-innovativecompany into the 21st century. Nowthe Cisneros Group is keen onsocial TV applications like GetGlue,which, similar to the Foursquareapp, allow viewers to ‘check-in’ toprograms.

The company is also close to adeal with Argentina-based socialTV service ComentaTV on a roll-out in Venezuela. “For the nextthree years we’re going to be veryfocused on continuing to learn andexplore social TV,” says Cisneros.

Cisneros Group is also investingin ‘TV everywhere’ technology sothat its content can be screen-agnostic, just as the company looks

to be a border-agnostic playeracross Latin America.

That said, Cisneros says the riseof netcasting – she expects Netflixwill do well in Lat Am – is changingprogramming tastes across theregion. Viewers are getting so usedto seeing content from so manydifferent territories, thanks to theinternet, that taboos against localmaterial are starting to fade away,she says.

Latin American media firms usedto live by the rule of avoidingspecific references to a particular

country, she notes. “But we nolonger have to create content thathas to work well in all countries.There could be great value inseeing programming that’s actuallya very specific snapshot situated ina specific country.”

Lessons learned in SouthAmerica often apply in the North,where the U.S. Hispanic market isgrowing rapidly. When Cisnerossold its telenovela Eva Luna tolongtime partner Univision, theratings surprised even thestatisticians at Nielsen.

The ratings company calledCisneros to say that two millionyoung Hispanic viewers had“appeared out of nowhere” to watchthe show, which arrived on theSpanish-language U.S. networkwith ample interactive add-ons.Nielsen hadn’t known that thoseviewers even existed.

Eva Luna was “the first soap we’ddone in the U.S. where we broughtover all our knowledge ofinteractive strategy fromVenezuela,” she says. It’s now thetemplate on which all thecompany’s other Univision showsare based – both for additionaltelenovelas and upcoming projectsthat look to push the traditionalboundaries of the U.S. Hispanicmarket.

But as the U.S. market grows,

so does interest from networksother than Univision. Cisneros saysthe company is also “startingconversations” on possible co-productions with the Big FiveEnglish-language majors – offeringtheir expertise on Hispanics inexchange for getting a foot inHollywood’s door.

“I’m telling the networks theyneed to have the Hispanic market;there are 55 million in the U.S. anda lot of them really like watching TVin English. They need programmingthat will bring them to theirnetworks, so why not, whencreating a new sitcom or series, letus help you give it a Latinundertone?”

Cisneros says the company hasone such project that is set in Miamiamid a circle of American women.“But it has a very strong Latinaaspect,” a subtle combo of music,culture and setting that will lureHispanics without alienating Anglos.

Cisneros points to Modern Familyand its Latin cast as an example.The ABC series is “step one,” shesays, “but we need to do things witha little more sophistication, a littlemore depth.”

Hear more from Adriana Cisnerosin the Thought Leadership one-on-one session today at 11:00 a.m. inthe Fontaine Ballroom.

“U.S. networks need the

Hispanic market – there

are 55 million in the U.S.

and a lot of them like

watching TV in English.” Adriana Cisneros

Cisneros Group’s Adriana Cisneros tells Sean Davidson how the company test-flies ideas in Venezuela before takingthem abroad and how she’s now taking those ideas into the English-speaking U.S. market.

Today Caracas,tomorrow the world Cisneros telenovela Eva Luna

18_NATPE1_CISNEROS4.qxp_NATPE02_Formats_17-18_OH 18/01/2012 13:31 Page 2