The European Commission gives the green light to Buendía Estudios, the new production company of Telefónica and Atresmedia

Following the approval of the operation by the European Competition authorities, the new production company, 50% owned by both companies, will promote Spanish and Latin American talent around the world, producing film, series and entertainment projects.

The European Commission has given green light this Wednesday to the creation of Buendía Studios. The new company, 50% owned by Telefónica y Atresmedia, will aim to create and production of audiovisual content in Spanish around the world. This project represents an unprecedented strategic alliance in the audiovisual industry in Spain that will promote creation, talent and content in Spanish.

Buendía Estudios has the vocation to promote Spanish and Latin American talent around the world. The new company will focus its activity on national and international operators, contributing to the revitalization of the Spanish audiovisual sector and the industrial fabric of independent production in our country, promoting associations and co-productions with other companies in the sector.

The new producer will have the necessary infrastructure for production recurring content, generating a stable business environment for the development and creation of audiovisual projects. A team of professionals with extensive experience in the development and production of fiction, film and entertainment projects for the market and among its partners it already includes Movistar+, Atresmedia, Amazon, Netflix, Warner (HBO, TNT, HBO Max), Orange and regional channels.

With the creation of Buendía Estudios, Telefónica and Atremedia also add talent and resources to optimize and gain scale in your content creation business in an increasingly global market. Among its strategic objectives, the new study was born with the vocation to compete in the Spanish, Latin American and US Hispanic markets.

Atresmedia has been, for years, a recognized brand in national and international markets and viewers; being the creator of highly successful series and films among audiences in different countries and achieving some of the most prestigious global awards, such as the Emmy Award. Series like The Paper House, Vis a Vis, The Time Between Seams, Velvet, Grand Hotel, The Boarding School, The Secret of Puente Viejo…and successful feature films, produced by Atresmedia Cine, such as The minimal island, Setback, The Kingdom, During the storm o Palm trees in the snow, highlight the enormous value of the Atresmedia label in Spanish-language fiction on a global level.

In 2019, Klaus It won the BAFTA for best animated film and was nominated for the Oscars and the Goya. Father there is only one It was the highest-grossing film of the year in 2020 and was released with great success Malasaña and it will be released soon Superagente Makey (July 17), Father there is only one (2) (August 7) ​​and The summer we lived (October).

For its part, Telefónica, through Movistar+, has evolved original Spanish fiction production with a differential and risky value proposition in the entertainment market. A commitment to Spanish talent and series that claim their own identity. A model created from the vision of the creator and that has kept its promise to the Movistar client with the launch of 12 projects a year.

To Fish by Alberto Rodríguez and Rafa Cobos, Look what you've done by Berto Romero, Shame by Juan Cavestany and Álvaro Fernández Armero and hits like The Unity, The Invisible Line, Madrid burns by Paco León and Perfect Life by Leticia Dolera are a good example of their production capacity.