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Telefonica, Atresmedia to set up Spanish-language content production factory

Friday 20 September 2019 | 12:04 CET | News
Telefonica has reached a preliminary agreement with commercial broadcaster Atresmedia to set up a video production company that intends to create Spanish language content for distribution around the world in a bid to compete with streaming giants such as Netflix, HBO and Disney. The 50-50 joint venture, which has yet to be approved by Telefonica's Executive Committee, is designed to unite talent and resources "to optimise and scale up content creation and distribution in order to compete with major international players", said the partners in a statement.

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Categories: Broadcast & Satellite / Internet
Companies: Atresmedia / Telefonica
Countries: Latin America / Spain
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