Spanish TV production and facilities group MediaPro has taken a 60% stake in Barcelona-based production and commercials house Ovideo TV.
Ovideo produced Jose Luis Guerin’s “Work in Progress,” one of the standout pics at the last San Sebastian Festival, which is being sold at Cannes by DeAPlaneta.
The Ovideo purchase marks one more step in MediaPro’s drive into film and TV production in Spain.
It already has a minority stake in Madrid pic prodco Esicma and recently tapped regarded industry vet Juan Ruiz de Gauna to steer MediPro into pic production, distribution and exhibition through partnerships with established players.
“Production in Catalonia needs to go through a process of media concentration. Otherwise, 80% of companies will disappear,” MediaPro co-prexy Jaume Roures is quoted as saying Wednesday.
MediaPro has sold 50% of its French sports program production subsid VCF to Sportfive, a joint venture between Bertlesmann, Canal Plus France and Darmon.
It has also taken a minority participation in Italian TV prodco Grupo Comunicazione Italia (GCI), producers of the Italian version of “Big Brother.”