Vereda is hot for Chilean ‘Minutes’

Muppet newscast parody spun off from TV

Coming into its second market and its first with a company name, Brazilian sales shingle Vereda Filmes has taken international rights to Chilean animation pic “31 Minutes.”

A muppet newscast parody, with Brazilian co-prod coin, feature is a spinoff from hit Chilean TV series of the same name.

The “31 Minutes” pickup sees Vereda carrying out one of its declared strategic goals when it launched at Berlin.

“We want to represent not only Brazilian but Latin American films,” said Katia Machado, Vereda exec veepee of sales and acquisitions.

Vereda, which means tree-lined avenue, has taken international on Brazilian Lina Chamie’s Cannes Critics Week player, “The Milky Way,” about big city love. It’s also inked to rep two docupics, both by Waldir Xavier, and both in development: the handicapped sister tale “Scarlett Moon,” and “Barracao — A Carnival-Maker View,” about preparations for the Rio Carnival.

Vereda is owned by RB Cinema I, a Brazilian equity fund, whose investors include risk capital firm Rio Bravo Investimentos and state-backed BNDES National Bank for Social and Economic Development.

This backing allows Vereda to put up minimum guarantees, co-production or domestic distribution coin, a luxury for most other Latin American sales agents.

On “Milky Way,” for example, Vereda puts up domestic P&A, said Machado.

The Brazilian sales and financing company has Latin America on Cao Hamburger’s Berlin competish player, “The Year My Parents Went on Holiday.”

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