MADRID — Hispano Fox Film, Fox’s sub-branch distributor in Spain, has taken Spanish theatrical rights to Javier Ruiz Caldera’s ”Promocion Fantasma” (Ghost Graduation), a high-school ghost comedy.Fox International Productions is also investing in the film. Shooting in Madrid, ”Graduation” is produced by Alejandro Amenabar producer Mod Producciones, marking its biggest play to date for Spain’s key youth aud. Also producing in association with FIP are Edmon Roch’s Ikiru Films (”Lope,” ”Bruc”), Alicante shingle Ciudadano Ciskul and Caldera’s label Think Tank. Film Factory is handling international sales. Caldera’s sophomore outing after smash hit ”Spanish Movie,” ”Graduation” stars two leading young Spanish actors, Raul Arevalo (”Primos”) and Alexandra Jimenez (”Spanish Movie”). It turns on a paranormally-gifted teacher who coaches five phantom students for their final high-school exams. A host of Spanish broadcasters — Sony pay-TV channel AXN, nationwide pubcaster TVE, feevee Canal Plus, Catalan state channel TVC and cabler ONO — have also taken Spanish rights to ”Graduation,” a sign of the film’s status as one of the most-awaited mainstream Spanish productions this year. ”Spanish Movie” grossed Euros7.6 million ($10.8 million) in Spain. As a co-producer or international sales agent, or sometimes both, FIP has moved rapidly to link with top production houses in Spain and Latin America on building a slate of Spanish-language movies. These include Cannes Un Certain Regard player ”Miss Bala,” produced by Mexico’s Canana Films and ”Bunker: La cara oculta” from Colombia’s Dynamo Capital and Spain’s Avalon and Cactus Flower. FIP is selling internationally Viggo Mortensen starrer ”Everybody Has A Plan,” from ”The Secret in Their Eyes” producers Haddock Films in Argentina and Tornasol Films in Spain.