Distrib in talks over sale
Top Spanish indie distribber TriPictures is negotiating with several Spanish media congloms to sell an as-yet-to-be-determined stake in the company.
One of the groups interested in TriPictures is telco-media-tech giant Avanzit, owner of Spanish post-production leader Telson and service company Video Report. TriPictures founders own a share in Video Report.
Avanzit has informed Madrid’s stock exchange authorities that it is in talks with TriPictures and other companies in the sector via Telson.
Another TriPictures suitor is Vocento, one of Spain’s biggest media groups, with 13% in free-to-air broadcaster Telecinco and a majority stake in DTT channel Net TV. Via its holding Veralia, Vocento has controlling shares in TV production powerhouses Europroducciones and BocaBoca and 30% in Videomedia, another TV producer.
Vet Spanish distribbery TriPictures, founded by prexy Felipe Ortiz, CEO Pepe Hueva and VP Luis Ortiz, is Spain’s New Line distrib and last year’s highest-grossing indie distributor. In March, it dipped its toe into international production, taking a minority equity stake in Thomas Langmann and Frederic Forestier’s “Asterix at the Olympic Games.”
TriPictures execs declined to comment on the purchase negotiations. They did, however, announce their most recent acquisitions at Cannes: Hugh Jackman-starring thriller “The Tourist,” helmed by Marcel Langenegger, and Tom Putnam’s comedy “The Hottie and The Nottie,” toplining Paris Hilton. Both pics were acquired from Summit Entertainment.