MEXICO CITY — Estudio Mexico Films has reached a preliminary subdistrib agreement with Televisa’s film arm, Videocine.
Estudio Mexico was formed a year ago as a 50-50 venture between Corporacion Interamericana de Entretenimiento (CIE), the biggest promoter of live events in Latin America, and the Inbursa venture capital fund, backed by billionaire businessman Carlos Slim.
Videocine will handle local distribution of Estudio Mexico-produced films and foreign indie pics for which Estudio Mexico has the Mexico rights.
The two will also eventually seek to market products like soundtracks.
Estudio Mexico’s distrib, Nu-Vision, apparently has ended its relationship with 20th Century Fox, with which it worked on Spike Lee’s “He Got Game” and Mexican helmer Carlos Carrera’s “El Embrujo” (Under a Spell).
Nu-Vision does have Latin American rights for Arturo Ripstein’s “No One Writes to the Colonel.”
Estudio Mexico had two pics in production last year; neither has been released yet.
The deal would boost Videocine, which distribs Warner Bros. films locally. After a massive restructuring of its production side last year, Videocine plans to co-produce up to six films a year with the studio.