MADRID — Commercial web Tele 5 has inked an output deal with DreamWorks to acquire all its feature films and TV programming over the next seven years. The deal will begin with the broadcast of TV series “Spin City” and “High Incidence” later this year.
High-flying terrestrial net Tele 5, which has made a strong financial recovery under its director general Marizio Carlotti, is a joint venture of Silvio Berlusconi’s Mediaset (25%), Germany’s Kirch Group (25%) and Spanish newspaper publisher El Correo (25%).
In a strategy which other free TV nets may follow over Europe, the deal shows Tele 5 moving away from big package deals with U.S. studios toward more selective acquisitions, primarily from big U.S. indie producers. Tele 5 has signed New Regency Prods.’ forthcoming 25 pics and sources Mandalay movies through a close relationship with Spanish indie distrib Tripictures.
“We want prime quality over quantity,” said Tele 5 deputy general manager Mikel Lejarza, explaining the deal.
According to Tele 5’s director of external production, Aldo Spagnoli, the price of DreamWorks’ movies will depend on their perfs at Spanish cinemas, not on the fixed pricing system used by the Hollywood majors. Spagnoli said the selective acquisition policy also dovetails with Tele 5’s highly successful drive into local production over the last two years.