Spain’s Production Hub Heats Up
Emiliano De Pablos Seismic shifts in the world’s entertainment industry have thrown a global spotlight on Spain’s film and TV industry as never before. Foreign productions are flocking to Spain, spending €263 million ($266 million) in 2021, double the 2016-19 average, according to a ProFilm study. International inward investment in national productions has also grown on an unprecedented scale. All the big streamers have beached in Spain. Reed Hastings cut the tape on Netflix’s first European Production Hub, in Madrid’s Tres Cantos, in 2019. Viacom Intl. Studios (VIS) EMEA and Asia and AMC Networks Intl. Southern Europe have set up production operations in Spain. Other players — Amazon Prime Video, Disney+, HBO Max and Starzplay — run offices in the country.