×
You will be redirected back to your article in seconds

Quiero left lacking $ by Planeta

Problems underscore tough pay TV environment in Spain

MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase.

Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy of Quiero in April.

Cuts introduced by Spanish telco Auna, a 49% shareholder, have also sparked other Quiero exec exits, including head of content/buyer Gino Nattaliccio and deputy director general-No. 2 exec Lluis Oliva.

A joint venture of Telecom Italia, and Spanish electricity groups Endesa and Union Fenosa, Auna launched DTT feevee Quiero in May 2000.

Service shocked pay rivals Sogecable and Via Digital by attracting a healthy 200,000 subs by January. But unease among investors soon followed. Endesa now wants to refocus on its core electricity business.

Quiero’s problems underscore the tough pay TV environment in Spain, which hosts three major digital platforms plus nascent cable TV systems.

(Emiliano de Pablos contributed to this report.)

More TV

  • Gabriel Garcia Bernal Here on Earth

    Season 2 of Gael Garcia Bernal’s ‘Here on Earth’ Underway

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Sutton Foster'A Chorus Line' 75th Anniversary

    'Younger' Star Sutton Foster Recalls One of Her Early 'Terrible' Auditions

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • 'Dirty John' Team Talks Adapting True

    'Dirty John' Team Talks Adapting True Family Horror Tale for Scripted Series

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • TV Roundup: Kumail Nanjiani Joins the

    TV Roundup: Kumail Nanjiani Joins 'Twilight Zone' at CBS All Access

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • MGM Q3 2018 Earnings: Strong Revenue

    MGM Sees Strong Revenue Gains Due to TV Content

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

  • Hugh Grant Joins Nicole Kidman in

    Hugh Grant Joins Nicole Kidman in HBO Series 'The Undoing'

    MADRID — Spanish digital terrestrial pay TV operator Quiero is facing a crisis after media group Planeta revealed that it will not take part in a 12 billion peseta ($63.2 million) capital increase. Planeta’s share looks likely to drop from 15% to 10% as a consequence. Planeta prexy Jose Manuel Lara Bosch resigned as prexy […]

More From Our Brands

Access exclusive content