Mexican tycoon Slim sets sights on digital content

Mexican tycoon Carlos Slim's America Movil, one of the world's biggest cell phone companies, is buying a digital media firm to bring movies, TV series and music to its growing base of smartphone, tablet and pay-television customers across Latin America. The purchase of Miami-based DLA Inc suggests a more aggressive move from America Movil into video-on-demand and streaming services in Latin America, where it dominates pay television services with more than 11 million subscribers. "They have the distribution means, but lack the content," said Actinver analyst Martin Lara. "There is an explosion of content (use) through multiple platforms: cell phones, blackberries, iPads ... the content market is no longer limited to pay television."