Enter a player name to begin or load your saved progress.
Grupo Cisneros was established in the United States in the mid-20th century.
Answer: False
Explanation: Grupo Cisneros was founded in Venezuela in 1929 under the name D. Cisneros & Cia. Its headquarters are now in Coral Gables, Florida.
The initial business venture of D. Cisneros & Cia. involved the manufacturing of soft drinks.
Answer: False
Explanation: The initial business venture of D. Cisneros & Cia. was a small material transport business, which later expanded into operating bus routes.
Diego Cisneros and Antonio José Cisneros were brothers who founded the company.
Answer: True
Explanation: The company was founded by brothers Diego Cisneros and Antonio José Cisneros.
D. Cisneros & Cia. acquired exclusive franchises for appliance and watch manufacturers in 1939.
Answer: True
Explanation: In 1939, D. Cisneros & Cia. secured exclusive franchises in Venezuela for the appliance manufacturer Norge, Hamilton Watch Company, and REO Truck brands.
What was the original name and location of Grupo Cisneros when it was founded in 1929?
Answer: D. Cisneros & Cia., Venezuela
Explanation: Grupo Cisneros was founded in 1929 in Venezuela under the name D. Cisneros & Cia.
How did the Cisneros brothers expand their business from material transport?
Answer: By obtaining a license to operate bus routes.
Explanation: After starting with material transport, the Cisneros brothers expanded by obtaining a license to operate bus routes, transforming their business into a significant transportation enterprise.
What was the initial business venture of the founding brothers, Diego and Antonio José Cisneros?
Answer: A small material transport business
Explanation: The initial business venture of the founding brothers, Diego and Antonio José Cisneros, was a small material transport business.
In 1940, Grupo Cisneros acquired the exclusive license to manufacture and bottle Coca-Cola products in Venezuela.
Answer: False
Explanation: In 1940, D. Cisneros & Cia. acquired the exclusive license to manufacture and bottle Pepsi-Cola products in Venezuela, a pivotal step in its financial growth.
The Cisneros brothers expanded into the ice cream business in 1952 by establishing Helados Tio Rico.
Answer: True
Explanation: In 1952, the Cisneros brothers established Helados Club Ice Cream Company, later renamed Helados Tio Rico, S.A., which became the largest ice cream producer in Venezuela.
Laboratorios Fisa manufactures and distributes pharmaceutical drugs in Venezuela.
Answer: False
Explanation: Laboratorios Fisa primarily manufactures and distributes personal beauty products and cosmetics in Venezuela, covering product lines such as hair care, soaps, deodorants, skin care, and fragrances.
Gaveplast, founded in 1968, focused on manufacturing plastic packaging for the beverage industry.
Answer: True
Explanation: Gaveplast was founded in 1968 by the Cisneros Group to produce plastic crates and cases for the beer and carbonated soft drink industries in South America.
Which of the following was a crucial exclusive license acquired by D. Cisneros & Cia. in 1940 that significantly contributed to its financial success?
Answer: The license to manufacture and bottle Pepsi-Cola products in Venezuela.
Explanation: The acquisition of the exclusive license to manufacture and bottle Pepsi-Cola products in Venezuela in 1940 was a pivotal development that significantly boosted the company's financial success.
Which company was founded in 1968 by the Cisneros Group to produce plastic crates and cases for the beverage industry?
Answer: Gaveplast
Explanation: Gaveplast was established in 1968 by the Cisneros Group to manufacture plastic packaging, specifically crates and cases, for the beverage industry.
What type of products does Laboratorios Fisa primarily manufacture and distribute?
Answer: Personal beauty products and cosmetics
Explanation: Laboratorios Fisa primarily manufactures and distributes personal beauty products and cosmetics in Venezuela, encompassing various categories.
What company was founded in 1944 to produce carbon dioxide and other beverage-related products?
Answer: Liquid Carbonic
Explanation: In 1944, the company founded Liquid Carbonic, which specialized in producing carbon dioxide and other essential products for the beverage industry.
Venevision, a major television channel, originated from the acquisition and rebranding of TeleVisa in 1961.
Answer: True
Explanation: Following the bankruptcy of TeleVisa, Cisneros acquired the channel and rebranded it as Venevision, commencing broadcasts on February 27, 1961.
Grupo Cisneros held a majority stake (over 50%) in the U.S. media company Univision when it was purchased in 1992.
Answer: False
Explanation: Grupo Cisneros joined a consortium to purchase Univision in 1992, holding a 25% stake in Univision and a 12.5% stake in Univision Communications.
The consortium that included Grupo Cisneros sold Univision in 2007 for approximately $1.37 billion.
Answer: False
Explanation: The consortium sold Univision in 2007 for $13.7 billion, not $1.37 billion.
Cisneros Media Distribution, formerly Venevision International, focuses solely on producing television shows for Venezuelan audiences.
Answer: False
Explanation: Cisneros Media Distribution, formerly Venevision International, is a major global distributor of Spanish-language content, leveraging extensive experience to distribute content produced by Cisneros and other companies worldwide.
Venevision Productions is recognized as the largest independent Hispanic production company in the United States.
Answer: True
Explanation: Venevision Productions holds the distinction of being the largest independent Hispanic production company in the United States, distributing its programming internationally.
The Miss Venezuela pageant is managed by Cisneros Interactive as a digital-only event.
Answer: False
Explanation: The Miss Venezuela beauty pageant is managed as a multimedia event, incorporating public interaction through social media and forming partnerships for reality shows and brand collaborations, rather than being a digital-only event managed solely by Cisneros Interactive.
Siente Music is a joint record label venture between Vene Music and Sony Music Latin.
Answer: False
Explanation: Siente Music is a collaborative record label venture established between Vene Music and Universal Music Latino, which is a division of Universal Music Group.
As of 2019, Grupo Cisneros was identified as the last remaining independent media outlet operating within Venezuela.
Answer: True
Explanation: As of 2019, Grupo Cisneros was recognized as the sole remaining independent media outlet functioning within Venezuela.
What event led to the acquisition and rebranding of TeleVisa as Venevision in 1961?
Answer: The bankruptcy of TeleVisa following the fall of President Marcos Pérez Jiménez.
Explanation: The acquisition and rebranding of TeleVisa as Venevision in 1961 occurred after TeleVisa declared bankruptcy following the political upheaval associated with the fall of President Marcos Pérez Jiménez.
What was Grupo Cisneros' ownership stake in Univision Communications, the parent company of Univision, when purchased in 1992?
Answer: 12.5%
Explanation: When the consortium purchased Univision in 1992, Grupo Cisneros held a 12.5% stake in Univision Communications.
For how much did the consortium sell Univision in 2007?
Answer: $13.7 billion
Explanation: The consortium that included Grupo Cisneros sold Univision in 2007 for $13.7 billion.
Which division of Grupo Cisneros is responsible for managing the distribution, marketing, and production of entertainment content globally?
Answer: Venevision International (now Cisneros Media Distribution)
Explanation: Cisneros Media Distribution, formerly Venevision International, manages the global distribution, marketing, and production of entertainment content.
What distinction does Venevision Productions hold in the United States?
Answer: It is the largest independent Hispanic production company.
Explanation: Venevision Productions is recognized as the largest independent Hispanic production company within the United States.
What is the primary focus of the Cisneros Media division?
Answer: Television broadcasting, production, and content distribution
Explanation: The Cisneros Media division's primary focus encompasses television broadcasting, content production, and global distribution of entertainment media.
What is Venevision Productions known for?
Answer: Being the largest independent Hispanic production company in the United States.
Explanation: Venevision Productions is recognized for its status as the largest independent Hispanic production company within the United States.
What is the significance of Grupo Cisneros being identified as the last remaining independent media outlet in Venezuela as of 2019?
Answer: It highlights its unique position amidst potential government influence or consolidation.
Explanation: The designation of Grupo Cisneros as the last independent media outlet in Venezuela by 2019 underscores its unique operational status within a complex media environment, potentially subject to government influence or industry consolidation.
In 1995, Grupo Cisneros partnered with DirecTV to launch a direct-to-home satellite television service across Latin America.
Answer: False
Explanation: In 1995, Grupo Cisneros partnered with Hughes Electronics Corporation, not DirecTV, to establish an all-digital direct-to-home satellite television service throughout Latin America.
The Cisneros Interactive division primarily focuses on developing digital businesses related to traditional media content for Hispanic audiences.
Answer: False
Explanation: Cisneros Interactive concentrates on developing digital businesses aimed at Hispanic audiences, with a strategic emphasis on digital advertising (online and mobile) and e-commerce, rather than solely traditional media content.
Adsmovil, part of Cisneros Interactive, is a leading mobile advertising network operating in the U.S. and Latin America.
Answer: True
Explanation: Adsmovil is identified as a key company within Cisneros Interactive and operates as a leading mobile advertising network across the United States and Latin America.
Americatel provides mobile phone services to individual consumers across Venezuela.
Answer: False
Explanation: Americatel Sistemas de Comunicación C.A. is a long-distance telecommunications company that provides a 'trunking' communication service to corporate clients in Venezuela, utilizing Motorola's technology.
Grupo Cisneros partnered with Facebook Latin America in 2016 to become its exclusive reseller in Brazil and Argentina.
Answer: False
Explanation: In November 2016, a partnership was established with Facebook Latin America, making Adriana Cisneros Interactive its exclusive reseller in Peru, Paraguay, Ecuador, and Bolivia, not Brazil and Argentina.
Which company did Grupo Cisneros partner with in 1995 to launch an all-digital direct-to-home satellite television service in Latin America?
Answer: Hughes Electronics Corporation
Explanation: In 1995, Grupo Cisneros partnered with Hughes Electronics Corporation to establish an all-digital direct-to-home satellite television service across Latin America.
Which of the following is a key company within the Cisneros Interactive division, known as a leading mobile advertising network?
Answer: Adsmovil
Explanation: Adsmovil is highlighted as a leading mobile advertising network operating in the U.S. and Latin America and is a key component of the Cisneros Interactive division.
What service does Americatel Sistemas de Comunicación C.A. provide?
Answer: Long-distance telecommunications for corporate clients
Explanation: Americatel Sistemas de Comunicación C.A. provides long-distance telecommunications services, specifically a 'trunking' communication service for corporate clients in Venezuela.
Which of the following is NOT mentioned as a company within the Cisneros Interactive division?
Answer: Vene Music
Explanation: Adsmovil, RedMas, and Cuponidad are mentioned as companies within the Cisneros Interactive division. Vene Music is associated with the Cisneros Media division.
The Tropicalia project, owned by Cisneros, is located in Mexico and focuses on industrial development.
Answer: False
Explanation: The Tropicalia project is a sustainable tourism and real estate development located in the Dominican Republic, not Mexico, and focuses on tourism and residential development.
The Tropicalia project features a Ritz-Carlton hotel and a championship golf course.
Answer: False
Explanation: The Tropicalia project features a Four Seasons hotel and a golf course designed by Tom Doak, not a Ritz-Carlton.
The Tropicalia project, a major real estate development by Cisneros, is located in which country?
Answer: Dominican Republic
Explanation: The Tropicalia project, a significant real estate development owned by Cisneros, is situated in the El Seibo Province of the Dominican Republic.
The Tropicalia project includes which notable features?
Answer: A Four Seasons hotel and a golf course.
Explanation: The Tropicalia project features a Four Seasons hotel and a golf course designed by Tom Doak.
What is the main function of the Cisneros Real Estate division?
Answer: Developing and managing the company's real estate investments.
Explanation: The Cisneros Real Estate division is responsible for the development and strategic positioning of the company's diverse real estate investments.
Gustavo Cisneros took over sole leadership of Grupo Cisneros in 1970 following his father's retirement.
Answer: False
Explanation: In 1970, following Diego Cisneros's stroke, leadership transitioned to his sons; Gustavo Cisneros assumed the roles of chairman and chief executive officer, while Ricardo José Cisneros became Chief Operating Officer.
Adriana Cisneros de Griffin succeeded Gustavo Cisneros as CEO in 2013, having previously worked in the company's real estate division.
Answer: False
Explanation: Adriana Cisneros de Griffin succeeded Gustavo Cisneros as CEO in 2013. Prior to this role, she served as the Vice President of Strategy for Grupo Cisneros, not in the real estate division.
The infobox indicates that Grupo Cisneros is a publicly traded company listed on a major stock exchange.
Answer: False
Explanation: The infobox and supporting flashcards indicate that Grupo Cisneros is a private company, not a publicly traded one.
Ricardo José Cisneros became the Chief Executive Officer of Grupo Cisneros in 1970.
Answer: False
Explanation: In 1970, Gustavo Cisneros assumed the roles of chairman and chief executive officer, while Ricardo José Cisneros became Chief Operating Officer.
The Cisneros Media division includes companies involved in television broadcasting, music, and real estate development.
Answer: False
Explanation: The Cisneros Media division encompasses television broadcasting, production, content distribution, and music companies. Real estate development falls under the Cisneros Real Estate division.
Who assumed the roles of chairman and chief executive officer of Grupo Cisneros in 1970?
Answer: Gustavo Cisneros
Explanation: In 1970, Gustavo Cisneros assumed the positions of chairman and chief executive officer of Grupo Cisneros.
Adriana Cisneros de Griffin, the current CEO, previously held which role within Grupo Cisneros before her appointment in 2013?
Answer: Vice President of Strategy
Explanation: Before becoming CEO in 2013, Adriana Cisneros de Griffin served as the Vice President of Strategy for Grupo Cisneros.
According to the infobox, what is the ownership structure of Grupo Cisneros?
Answer: Private company
Explanation: The infobox indicates that Grupo Cisneros is structured as a private company.
Which of the following industries is NOT listed as a primary area of operation for Grupo Cisneros?
Answer: Aerospace manufacturing
Explanation: The primary areas of operation for Grupo Cisneros include media entertainment, digital media, consumer products, property investment, and tourism development. Aerospace manufacturing is not listed among these core sectors.
Who is the current Chief Executive Officer (CEO) of Grupo Cisneros?
Answer: Adriana Cisneros
Explanation: Adriana Cisneros currently serves as the Chief Executive Officer (CEO) of Grupo Cisneros.
As of 2023, Grupo Cisneros employed approximately 1500 people.
Answer: False
Explanation: As of 2023, Grupo Cisneros employed 800 people, not 1500.
How many Spanish and Portuguese-speaking consumers does Grupo Cisneros reach globally?
Answer: 550 million
Explanation: Grupo Cisneros reaches 550 million Spanish and Portuguese-speaking consumers across the Americas and Europe.
What is the global reach of Grupo Cisneros in terms of consumers and content distribution?
Answer: Reaches 550 million consumers in the Americas/Europe and content in 100+ countries.
Explanation: Grupo Cisneros reaches 550 million Spanish and Portuguese-speaking consumers in the Americas and Europe, and its media content is distributed to over 100 countries globally.
No questions available for this topic.