Avanzit agrees to buy prodco Telespan

Purchase should be formalized within six months

Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.”

Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager.

The purchase should be formalized within six months, as due diligence appears uncomplicated.

Telson managing director Oscar Vega values Telespan at $13.7 million-$17.5 million; Avanzit racked up revenues of $222.85 million revenues last year.

Purchase will be via a share swap, with Telespan partners — Tomas Cimadevilla, David Serrano and Jose Herrero and Banco Gallego — jointly taking around 10% in Telson.

Telespan will retain its brand name, focused principally on pic production.

Per Vega, Avanzit wants to buy more distribution and TV/film content companies, and morph Telson into a film and TV holding that could seek a public listing.

More Film

  • Quien te cantara

    Iciar Bollain, Isaki Lacuesta, Rodrigo Sorogoyen, Carlos Vermut Join San Sebastian Competition

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • 'Far From the Tree' Review

    Film Review: 'Far From the Tree'

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • Jing Tian The Great Wall

    Hollywood May Win Quota Concession in China (Report)

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • Damascus Cover review

    Film Review: 'Damascus Cover'

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • No Merchandising. Editorial Use Only. No

    Shinobu Hashimoto, Scriptwriter for Akira Kurosawa, Dies at 100

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • 'Path of Blood' Review: The Mask

    Film Review: 'Path of Blood'

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

  • Supernatural Romance 'Hush, Hush' Movie Taps

    Film News Roundup: Supernatural Romance Movie 'Hush, Hush' Taps Kellie Cyrus as Director

    Continuing Spain’s media concentration, telco Avanzit has agreed in principle to purchase Telespan 2000, which produced pic smashes “The Other Side of the Bed,” “Football Days” and “The 2 Sides of the Bed.” Telespan will become part of Avanzit’s Telson Group, a Madrid-based post-production house and niche channel packager. The purchase should be formalized within […]

More From Our Brands

Access exclusive content