Italian pubcaster RAI and Spanish counterpart RTVE have inked a wide-ranging three-year agreement, which includes the co-production of series and made-fors, the exchange of programs produced by the two networks and joint programming acquisitions.

The four-page general protocol gives each network first refusal for the acquisition of programs produced by its partner.

The pact was recently signed in Madrid by RAI president Letizia Moratti and RTVE president Jordi Garcia Candau. According to RTVE, the agreement may later be extended to France Television, already linked to RAI by a bilateral pact.

“The achievement of a trilateral link-up would create one of the most important TV groups in Europe,” RTVE’s head of international relations Sergio Gil said.

RAI pointed out in a statement that its alliance with the Spanish web “is a further step toward the creation of a new international strategy.” The Italo pubcaster already has agreements with France Television, the BBC and other TV groups worldwide.

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