You will be redirected back to your article in seconds

Vertice 360’s Blanco exits post

Exec leaves gig as head of film for company

MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom.

A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie distribution in Spain.

Hit more by online piracy than recession, total box office admissions in Spain plunged 8% to 107.8 million in 2008.

Total DVD consumer spending nose-dived 12% to 504 million euros ($649.7 million), vs. Britain’s $4.2 billion and France’s $1.9 billion.

Vertice has continued producing films: Uruguayan Alvaro Brechner’s “Bad Day to Go Fishing” is in advanced post-production.

But, once one of Spain’s most aggressive distributors, buying Martin Scorsese’s “Shutter Island” and Jacques Perrin’s “Oceans,” Vertice has not acquired a new film for theatrical release since May. Blanco had reportedly pushed for new buys, which the Vertice board turned down.

Credit-crunched company Vertice has struggled to discount TV contracts with Spanish banks — a large problem when its movie sales to Spanish TV operators were worth $23.2 million in 2008.

It had seemed however, to have gained some breathing space in November through capital increases worth $11.1 million, financed by new shareholder Thesan Capital.

Announcing his departure by email Friday night, Blanco said he’d weigh his options before deciding on new professional ventures.

(Emiliano de Pablos contributed to this report.)

More Scene

  • 'SORRY TO BOTHER YOU'

    Why 'Sorry to Bother You' Director Boots Riley Thinks His Satirical Comedy Is 'Realistic'

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • Tesse Restaurant Opens on L.A.'s Sunset

    Tesse Restaurant Takes on the Challenge of Making the Sunset Strip Hip Again

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • Tiffany Haddish

    MTV Movie and TV Awards: The 10 Standout Moments

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • Michael B. Jordan

    'Black Panther,' 'Stranger Things' Reign at 2018 MTV Movie and TV Awards (Full List)

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

  • A Night in the Writers' Room

    'Vida,' 'One Day at a Time' Showrunners Recount Being Called Racial Slur in Writers' Room

    MADRID — Adolfo Blanco, one of Spain’s best-known distribution execs, has ankled as head of film at Vertice 360, the Spanish production-distribution conglom. A vet distribution topper at Filmax, DeAPlaneta and Notro Films, which he founded and folded into Vertice via a share swap in February 2007, Blanco’s departure underscores the dire state of indie […]

More From Our Brands

Access exclusive content