As announced in September 2019, Telefonica and Atresmedia are working together to create a joint venture to produce series and films in Spanish worldwide. As reported by the Spanish digital newspaper ‘El Confidencial’, the new company will be called ‘Buendia Estudios’ and, as announced last year, it will be 50% owned both by Telefonica and Atresmedia.
‘El Confidencial’ also reported that Ignacio Corrales, General Manager at Atresmedia Studios, will lead the company, and its Administrative Council will be made up of Emilio Gayo, Telefonica Spain’s President; Sergio Osle, President at Movistar+; and Eduardo Navarro,Global Director for Comms, Brand, Public Affairs & Sustainability at Telefonica, on behalf of the Spanish company. Atresmedia will have Silvio Gonzalez, Managing Director; Javier Bardaji, General Manager, and a third person that the company still needs to decide, at Buendia Producciones. Corrales will have Domingo Corral, Original Production, Cinema and Series Director at Movistar+, which will work together with him at the new company’s leadership.
Yesterday, Telefonica officially announced that the creation of the new joint venture has been aporoved by the Competition Board of the European Union. From Buendia, they will produce and distribute original series and films for both Movistar+ and Atresmedia, as well as for other players, worldwide, such as Netflix, WarnerMedia (HBO, TNT, HBO Max), Orange, and others.
Likewise, both Atresmedia and Telefonica have developed original productions on a local and global scale. Some of them are ‘La casa de papel’; ‘Velvet’; ‘Vis a vis’; ‘Arde Madrid’; ‘La Peste’; ‘El tiempo entre costuras’; ‘Hierro’; ‘En el corredor de la muerte’; ‘El Embarcadero’; and others. Recently, Telefonica announced an original series production plan in Latin America during 2019 and 2020 in Argentina, Chile, Colombia, Peru and Mexico.