You will be redirected back to your article in seconds

EMC, NALA pact to back Latin American content

Joint venture opens up for U.S. investors

Evolution Media Capital, created by former Merrill Lynch bankers and Creative Artists Agency, has formed a joint venture with U.S.-Mexico-based NALA Investments to source film, TV and sport investments in the U.S. and Latin America.

NALA Investments is run by Emilio Diez Barroso, the great grandson of the late Televisa founder Emilio Azcarraga Milmo, also known as El Tigre.

NALA EMC will tap NALA Investments’ extensive influence and connections in Latin America and EMC’s broad investors portfolio to spur more U.S. companies to invest in Latin American content of all types.

“In my dealings with U.S. companies, I’ve found that most of them do not have a Latin American (investment) strategy,” say Diez Barroso who has lately been backing technology and new forms of distribution in the U.S. and Latin America. “I usually invite my friends and family to invest with me but would like to open up the domain to a broader group of investors,” he said.

Dramatic growth in Latin America’s media sector, particularly broadband penetration, has made the region more interesting to investors.

Diez Barroso also founded NALA Films, which will release its first Spanish-language pic, “La Casa de mi padre,” starring Will Ferrell, on March 16.

Exec also sits on the board of Summit Entertainment, where he was an early investor.

EMC, co-founded by Robert Stanley and Rick Hess plus former Merrill Lynch colleagues, has provided investment counsel on deals worth more than $15 billion in the U.S. including private equity group Apollo Global Management acquisition of CKX, owner of “American Idol.”

More TV

  • The CW Renews ‘All American,’ ‘The

    The CW Renews ‘All American,’ ‘The 100,’ ‘In The Dark’ and ‘Roswell, New Mexico’

    The CW has announced a flurry of renewals. Three of the network’s freshman shows, “All American,” “Roswell, New Mexico” and “In The Dark,” will return for second seasons, as well as “The 100,” which gets a seventh outing. This means that all five of The CW’s first-year shows, including the previously-renewed “Legacies” and “Charmed,” have [...]

  • Gael Garcia Bernal

    Showtime Announces Cast for Gael Garcia Bernal, Jonas Cuaron Pilot 'Hombre'

    Showtime has revealed who will be joining “Mozart in the Jungle” star Gael García Bernal in the upcoming Jonas Cuarón pilot “Hombre,” which deals with undocumented immigrants. Marisé Alvarez, Greg Grunberg, Pepi Sonuga, Adriana Santos, and Noah Reyes have all been cast in the pilot, which is set to begin production at the end of [...]

  • Gil L Robertson IV and Shawn

    African American Film Critics Association Announces Inaugural TV Honors Awards Show

    The African American Film Critics Association will host the first-ever AAFCA TV Honors awards show to celebrate outstanding achievement in the field. The inaugural event will take place as a luncheon on Aug. 11 at the California Yacht Club in Marina Del Rey and present awards in seven categories. Winners will be announced on June [...]

  • Jedediah Bila Named Co-Host 'Fox &

    Jedediah Bila Named Co-Host 'Fox & Friends Weekend'

    Fox News Channel named Jedediah Bila a co-host of its weekend broadcast of “Fox & Friends,” giving the contributor a wider platform on the cable-news network. Starting this Saturday, Bilahwill join co-host Pete Hegseth, along with a rotating third co-host, on the morning program. “Jedediah’s thoughtful analysis and endearing personality have cultivated a connection with [...]

  • True Crime Illustration

    Inside the True Crime Boom Taking Over Prestige TV

    In 2016, the first season of Ryan Murphy’s “American Crime Story,” about the arrest and trial of O.J. Simpson, swept the Emmys’ limited-series categories, sparking a revival in mainstream interest in both the Simpson case and the true-crime genre. Ever since then, crime stories — American and otherwise — have been multiplying. It’s a boom [...]

  • Jane LatmanTravel Channel 'Portals to Hell'

    Discovery Veteran Jane Latman Named President of HGTV (EXCLUSIVE)

    Longtime Discovery Inc. programming executive Jane Latman has been promoted to president of HGTV, one of the company’s most prominent and successful cable channels. Latman was most recently general manager of Discovery’s Travel Channel and Destination America outlets in addition to serving as executive VP of development and research for Discovery’s ID. She takes the [...]

  • Star Trek logo

    Animated 'Star Trek' Series Greenlit at Nickelodeon

    An animated “Star Trek” series has officially been given the greenlight by CBS Television Studios and Nickelodeon, Variety has learned. The new CG-animated series will follow a group of lawless teens who discover a derelict Starfleet ship and use it to search for adventure, meaning and salvation. As Variety previously reported, the series hails from Kevin and Dan [...]

More From Our Brands

Access exclusive content