Internet portal and content provider Terra plans to offer online films and music in Europe this year, starting with Spain and Portugal, Bloomberg reports, citing an unnamed person with knowledge of the matter. According to the same source, Terra, a Telefonica unit, will introduce music service Sonora in Spain by end-May, followed by film site SundayTV in the fourth quarter. Terra plans to expand those services to Portugal this year and to other European countries in 2013. Terra is in talks with music companies and film studios including Vivendi's Universal Music Group, News Corp.'s Fox, Walt Disney and Time Warner's Warner Bros. to boost the content offered through Sonora and SundayTV, the person added. With nearly 1,100 employees, Terra is also looking for an Iberian head from such companies as Facebook, Google and Microsoft, the person said. Terra, based in Sao Paulo, already offers content such as online news in Spain. Its Spanish and Portuguese sites attract 7 million unique visitors a month. The company targets 10 million users by year-end and revenue of USD 10 million from those customers. Adam White, a spokesman for Universal Music in London, confirmed that the company is in discussions with Terra to license the new service in Spain and Portugal. The two companies already have a partnership in Latin America. Terra also plans to broadcast the London summer Olympics for its Latin American audience and will follow sports events with live minute by minute narration, pictures and other content for the European audience, the source added.
