Under the agreement, the companies intend to co-produce and co-finance fiction projects over the next year, with the aim of giving visibility to original Spanish and Latin American stories.
Secuoya Studios and Caracol TV announced this Monday an alliance to co-develop, co-produce and co-finance fiction projects over the next year.
The agreement is based on the concept of the joint work of the teams of both companies with the aim of creating, conceptualizing and developing premium series in Spanish.
The agreement also has the goal of giving visibility to original Spanish and Latin American stories.
Secuoya Studios and Caracol TV will co-own 50% of the intellectual property of the audiovisual work, will hold the distribution rights in their own territories and will jointly negotiate the international windows of the chosen productions.
“We are very pleased to be able to announce this alliance with one of the most outstanding partners in Colombia and the Latin American audiovisual industry. For Secuoya Studios, it is essential to generate synergies with the most consolidated companies in Latin America and the United States, and Caracol TV is a powerful partner. positioned in the international market thanks to the success of its innumerable projects. We fully trust that this framework agreement will generate a very positive impact on the Spanish and Latin American audiovisual industry and will be the first of a long collaborative relationship”, said James Costos, president of Secuoya Studios.
“Our agreement with Secuoya Studios, a solid ally with a wide creative spectrum, strengthens our steps in the Spanish market and fills us with enthusiasm for the great projects we envision for next year. Caracol Televisión is committed to developing new ways of telling stories that can generate relevant conversations in different territories. We know that, together with Secuoya, we will surprise the international market with projects that fulfill this mission and captivate audiences around the world,” added Lisette Osorio, Vice President of International Business of Caracol Television.
A committee made up of Colombian and Spanish creatives will be in charge of analyzing the projects from a global perspective. Those selected will go on to a second phase of conceptualization and development of a pilot episode. Once the best stories have been chosen, Secuoya Studios and Caracol TV undertake to launch the different phases of production.