Mediawan Sets Up Production Hub in Spain

Mediawan is expanding its presence in Spain, taking a minority stake in Weekend Studio and creating a Spanish production hub.

Mediawan Studios Spain is comprised of Grupo Boomerang, the Spanish subsidiary of the recently acquired Lagardère Studios; Good Mood, an independent production company acquired in June; and Weekend Studio, a promising production company in which it has taken a minority share. Mediawan Studios España will be led by Monica Galer, currently a member of Mediawan’s supervisory board since November 2019.

Pierre-Antoine Capton, chairman of the management board of Mediawan, said: “The creativity and dynamism of the Spanish production market are impressive, as well as the quality and know-how of its producers. This hub is opening key opportunities for the group not only in the booming Spanish market but in all Spanish-speaking regions. We are eager to start working with Grupo Boomerang and Weekend Studio and welcome them into the group, as we have with Good Mood in the last few months.”

Pedro Ricote, founder and senior manager of Boomerang TV Group, added: “Becoming part of Mediawan is great news for our teams at Boomerang TV and Veranda. Joining one of the most important audiovisual groups in Europe will help us consolidate our position as one of the biggest television production companies in Spain and opens a wide range of opportunities. Creative talent is one of our greatest assets and we share with our partners the passion for what we do. This will enable us to work with a global mindset and generate synergies.”

Tomás Cimadevilla, founder and CEO of Weekend Studio, said: “It is an honor for Weekend Studio to become part of a great audiovisual group like Mediawan. Our production ambition and international vocation make Mediawan the perfect partner for our growth as a company.”

Daniel Écija, founder of Good Mood Productions, added: “Mediawan is a strategic and ideal partner who has respected our vision and philosophy from the very beginning, demonstrating an enormous mutual trust in this alliance.”