You will be redirected back to your article in seconds

Spain’s Prisa buys film prodco Tesela

Deal broadens media group's portfolio

MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment.

Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, upscale production companies in the U.S., Latin America and Spain.

It already has established long-term co-prod pacts with leading Mexican indie production house Argos Comunicacion and The New York Times.

A majority stake in Tesela widens the company’s portfolio. Co-owned by its managing director Jose Antonio Felez, the four-year-old Tesela has carved out a reputation as a tightly-run outfit which nurtures new directors, most notably Achero Manas, whose debut, “Pellet,” won him the European Film Academy Fassbinder new talent award last December and grossed €3 million ($2.9 million) at the Spanish B.O.

Tesela is producing Manas’ second pic, “Noviembre,” about a young theater troupe, which shoots from August.

An indirect 80% in Tesela increases Prisa’s production muscle. Prisa is the 21% managing shareholder of Spanish pay TV leader Sogecable, which in turn holds 100% in top Spanish production company Sogecine.

But Prisa’s stake in Sogecable will drop to 16% if Sogecable’s mooted pay TV merger with satcaster Via Digital is approved by anti-trust authorities.

More Film

  • 'Hidden Man' Review: Rollicking but Empty

    Film Review: 'Hidden Man'

    MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment. Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, […]

  • 'Good Girls Get High' Review

    Film Review: 'Good Girls Get High'

    MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment. Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, […]

  • 'Overlord' Review: The Video-Game Thrill of

    Fantastic Fest Film Review: 'Overlord'

    MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment. Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, […]

  • China Box Office: 'Golden Job' Heist

    China Box Office: 'Golden Job' Heist Movie Steals Weekend

    MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment. Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, […]

  • 'Ladies in Black' Review: Upbeat Goings-on

    Film Review: ‘Ladies in Black’

    MADRID — Prisa, Spain’s biggest media group, has ramped up its production assets with the acquisition of 80% of Spanish film production company Tesela through its expanding film and TV production subsid, Plural Entertainment. Headed by vet film producer Jose Vicuna, Plural, which launched Feb. 2001, aims to forge film and TV alliances with key, […]

More From Our Brands

Access exclusive content