Company takes 25% stake in Comercial TV
Teutonic entrepreneur Jan Mojto’s company Beta Film has dipped its toe in Spain’s local TV market, taking a 25% stake in online TV content distributor Comercial TV.Move will allow CTV to rep Beta’s huge TV catalog of features, TV movies, series and miniseries in licensing deals with Spain’s TV networks. First titles are golden oldies including “The Greatest American Hero,” “African Skies” and “Carson’s Law.” Barcelona-based CTV launched in April 2008 offering TV series and documentaries for TV channels via its Internet portal, Comercialtv.es. TV operators can select, pay and download nearly 4,000 TV titles. Buying a title includes the right to one broadcast and one rebroadcast, including 48 hours of exclusivity in the territory. “This deal will allow us to open new business lines for CTV and confirms the potential and efficiency of Internet distribution,” said Santiago Gimeno, prexy and founder of CTV. “CTV’s business model has the potential for development in other countries where we distribute our contents,” added Beta Film’s exec Moritz Kruedener. Other CTV providers include Spanish broadcaster Antena 3TV, telenovela distributor Vision Europa, documentary company Transglobe Pictures, Spanish sales agent Imagina Intl. and sales and toon houses Planeta Junior and Neptuno Films. According to Gimeno, when the analog TV signal in Spain is switched off in April, the number of digital terrestrial TV licenses could reach 1,017. With ad investment in freefall, Spanish TV channels are searching for more economical programming, while CTV is looking to increase its revenue.