You will be redirected back to your article in seconds

The year abroad: Spain

Rain in Spain likely to remain

MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher.

In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations.

Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting anti-trust approval, both slowed acquisitions and payments, whammying Spain’s film industry.

Indie distribbers have slashed Spanish pick-ups. Through Dec. 16, production starts fell 29% to 108.

Sogecable and Via were hit by disappointing subscriber take-up. Other sectors also caught the sharp-end of Spain’s economic downturn.

TV advertising was 1% down through Sept. at some E 1.46 billion ($1.46 billion).

Sapped by underperfing U.S. pics and a lack of any local blockbusters, 2002 cinema admissions also look to be flat –around 130 million. Suffering widespread first-phase saturation, Spain’s screen park grew only 2% over 2002 to 3,828 sites.

More News

  • 'Grey's Anatomy' Renewed for Season 15

    'Grey's Anatomy' Renewed for Season 15 at ABC

    MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher. In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations. Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting […]

  • Harvey Weinstein ousted

    Weinstein Co. Adds Board Member to Navigate Bankruptcy Sale

    MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher. In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations. Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting […]

  • Jane The Virgin -- "Chapter Eighty-One"

    'Jane the Virgin' Boss on Season 4 Finale: 'I Knew It Would Be the Ultimate Surprise'

    MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher. In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations. Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting […]

  • Empty movie theater

    First U.S. Samsung LED Cinema Screen Debuts at Pacific Theaters Winnetka in Chatsworth

    MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher. In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations. Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting […]

  • Stephen King The Tommyknockers

    Universal Wins Rights for Stephen King's 'Tommyknockers' Movie

    MADRID — It’s been a tough year for the biz in Spain, and 2003 looks even tougher. In May, Sogecable and telco Telefonica announced they were considering a merger of their pay TV operations. Telefonica satcaster Via Digital and Sogecable paybox Canal Plus are prime Spanish film financiers and key buyers of indie product. Awaiting […]

More From Our Brands

Access exclusive content