Telefonica and Atresmedia join forces to create Spanish-language fiction content around the world.
The two entities have sealed an agreement of intentions that will culminate in the creation of a company, 50 percent owned by both groups, which will produce and distribute original series and films for both Movistar+ and Atresmedia. In addition, the agreed alliance will boost the Spanish audiovisual sector by promoting co-productions with other companies and producing for third parties.
Telefonica and Atresmedia will add talent and resources to optimise and scale up in their content creation and distribution business, being more competitive against the big international players that continue to break into the framework of a globalised sector.
A project that will continue to bet on audiovisual production in Spanish and strengthen its weight in the economy of this country. A competitive production company that will generate a significant volume of direct and indirect jobs, will have the talent and means necessary to develop the number of projects that require both the capabilities of partners and commercial development for other customers and operators.