MIAMI — Telemundo today will announce a five-year co-production accord with Caracol Television and RTI, the third such international deal for the U.S. Spanish-lingo net.
Telemundo, Caracol (one of Colombia’s two private networks) and Colombian production company RTI will jointly turn out 10 novelas.The multimillion-dollar agreement grew out of the co-production of “Amantes del Desierto,” which proved so successful that the soap will represent “the first of the 10 novelas,” Telemundo prexy-CEO James McNamara told Daily Variety. “The idea is to do two novelas a year.”
Colombia offers good-quality productions at low costs, he said. McNamara has high hopes for “Amantes,” which bowed Monday on Telemundo in the 7 p.m. timeslot.
Telemundo has U.S. rights and Caracol Colombian rights to “Amantes” and the other productions. International revenue will be shared, with sales handled by Latino distrib Tepuy, which was the matchmaker for the partnership.
McNamara plans to unveil the second project May 14 at Telemundo’s upfront presentation in New York.