Film Factory nabs three big 2013 Spanish releases
SITGES — Despite swingeing subsidy cuts this April, movies are still being put into production in Spain.
Barcelona-based Film Factory announced Thursday its acquisition of sales rights to three of Spain’s biggest 2013 bets: Daniel Calparsoro’s “Combustion,” Daniel Sanchez Arevalo’s “My Family and Other Hooligans” and Alex de la Iglesia’s “Witching & Bitching.” Fully financed, all three are shooting.
Rolling Sept. 22, “Combustion” stars Alex Gonzalez (“X Men: First Class”), Adriana Ugarte (“The Opposite of Love”) and Alberto Ammann (“Invader”) in a street-car racing action thriller with a love story.
Having made blockbuster “I Want You,” Zeta Cinema and Antena 3 Films, broadcaster Antena 3’s film arm, once more co-produce.
Shooting from late August, “Family” stars Sanchez Arevalo regulars Antonio de la Torre (“I’m So Excited”) and Quim Gutierrez (Darkbluealmostblack”) in an ensemble comedy about a family forced to marry the youngest sibling the day Spain plays in the final of the soccer World Cup in South Africa. Atipica Films (“Unit 7”) Mod Prods. (“Biutiful,” “Agora”) and Antena 3 Films produce in collaboration with Warner Bros. Pictures Espana, which distributes in Spain.
Spain’s film industry fears more double-digit subsidy cuts for 2013. Yet Spanish broadcasters are still required by law to pre-buy or co-produce local films. Antena 3 Films is investing in eight 2012 shoots, CEO Mercedes Gamero said at San Sebastian.
Key players remain capitalized, tapping bank credit. However tough, international markets can still aid recoupment.