Deal takes outfit into Spain, Latin America
LONDON — Fast-growing Dutch TV group Eyeworks has acquired Argentina’s Cuatro Cabezas, the production house behind the hit satirical news show “Caiga Quien Caiga.”Deal follows Eyeworks’ July acquisition of U.K. shingle At It Prods. and sees the Dutch combo expanding its business into the Spanish-speaking markets of Argentina, Chile and Spain. Founded in 1993 by Diego Guebel and Mario Pergolini, Cuatro Cabezas has since grown into a leading producer of nonfiction programming in the Spanish-speaking world. “Caiga Quien Caiga” (“CQC”) is a huge draw on Buenos Aires network Telefe and has been produced in six countries to date. Other productions include investigative reporting program “La Liga” (The Team) and hospital-set reality show “E-24.” Eyeworks plans to expand Cuatro Cabezas’ production base into other countries and will take over the distribution of its format catalog. The company has a 280-strong office in Buenos Aires and operations in Spain, where they have 150 employees, and Chile, with a staff of 70. Guebel and Pergolini will continue to manage the company, which will be renamed Eyeworks Cuatro Cabezas. With this latest deal, Eyeworks now has a production presence in 11 countries, including the U.S., where it owns a 50% stake in Los Angeles-based reality shingle 3 Ball Prods.