Telefónica, Atresmedia deal cleared by EC

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The European Commission has given its green light to Buendía Estudios, the joint TV content production company set up by Telefónica and Atresmedia to produce Spanish-speaking productions internationally.

The new combined company – the result of a recent deal between Telefónica and Atresmedia – will produce content to be distributed through all platforms in direct competition and, sometimes, in cooperation, with giants such as Netflix, HBO or Amazon.

Buendía Estudios, 50 per cent-owned by both partners, will be aimed at “boosting the Spanish and Latin American talent in all the world”, said Telefónica in a statement.

“The new company will be focused on International and National operators helping boost the Spanish audiovisual sector and the independent production industry in our country promoting partnerships and co-productions with other companies”, added both partners.


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