Exec replaces Soler, who stays on as a board member
MADRID — Spanish entrepreneur Javier Tallada has been tapped as prexy of Spanish telco/tech giant Avanzit.
He is Avanzit’s leading shareholder with around 15% of the company. He replaces Ramon Soler, who stays on as a board member.
Tallada intends to transform Avanzit subsid Telson, a Spanish post-production leader and niche channel packager, into a film and TV holding.
Early this week, Avanzit agreed to purchase Tomas Cimadevilla’s production house Telespan 2000, which has produced pic smashes such as “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.”
Telson could spinoff and seek a public listing in six to 12 months when its projected annual revenues reach E100 million ($126 million), a source at Avanzit said.
Avanzit Media, whose major asset is Telson, recorded a 2005 turnover of $45 million.
Telson aims to grow its post-production biz and buy up other film and TV contents companies. Avanzit is in acquisition talks with five film and TV companies, the source confirmed.
On Wednesday, Avanzit’s board of directors also named Jose Manuel Arrojo as prexy of Telson.