Anna Marie de la Fuente Buoyed by the success of last year’s one-to-one networking sessions, Madrid’s 2nd Iberseries & Platino Industria market is launching a new TV forum aimed at fostering co-production and financing pacts between selected producers and potential partners or investors. “We are functioning as an accelerator in a way as the selected projects have at least 40% of their financing in place and just need that final push to see the light,” said Iberseries director Samuel Castro, who adds that these series have budgets ranging from €5 million-€30 million ($ million-$30 million) .
The 10 companies, selected out of some 25 submissions, include some heavy hitters led by Spain’s Zebra Prods (Grupo Izen), Gato Grande-MGM, Argentina’s Storylab and El Estudio, founded by former Canana producing partner Pablo Cruz, producer Enrique López Lavigne and former Sony Pictures Intl.
Prods. head, Diego Suárez Chialvo. Projects include animated features, thrillers, romantic comedies and dramas. Forum coordinator Rodrigo Ros has been playing matchmaker, pairing each selected production company with the right partners, be they an international sales agent, an investment fund, potential co-producers or even a law firm to help push the TV project across the finish line. “The key word is financing, as we have managed to bring in the participation of investment funds,” said Castro, adding: “It worked very well last year so we want to bring them back again.” The producers will learn about various financing models available, from equity financing, and tax incentives to gap financing and pre-sales, Castro explained.
Read more on variety.com