Mechanic, Telecinco get Spain deal in gear
TUNIS, North Africa — Bill Mechanic’s Pandemonium has closed an output deal for terrestrial TV with Spanish broadcaster Telecinco.
Accord was announced Monday by Telecinco CEO Paolo Vasile. First pic to feed into the deal will be Walter Hill’s Jennifer Connelly starrer “Dark Water,” a remake of the 2002 Japanese film by director Hideo Nakata.
Unveiled in September 2000, Pandemonium aims to use debt and equity financing to fund 15-20 movies over the next five years.
It inked a five-year co-financing, production and distribution deal with Walt Disney in December 2001 that gave the Mouse House international rights on pics made under the pact.
Spanish terrestrial rights remained outside this deal, as Mechanic was already in talks with Telecinco.
Vasile announced the deal on the Tunis set of “Imperium,” a E125 million ($147 million), six-mini cycle set during the Roman Empire.
Producers on “Imperium” are Italy’s Lux Vide, Germany’s Eos Entertainment and Telecinco. Miniseries’ second entry, “Nero,” began shooting Oct. 20.
Spain’s second highest-rating broadcaster behind pubcaster RTVE, Telecinco also announced healthy first-half pretax profits of $109.2 million.