1 item from 2007
28 December 2007 | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »
MADRID -- Spain's leading film production house, Sogecine, has quietly let three of its top international executives leave in recent months amid rumors of a possible halt in production activity. The studio has been a powerful force in the Spanish film industry's internationalization over the past decade, so the developments raise questions about what the moves may mean for the Spanish industry as a whole.
Sogecine's parent company, television titan Sogecable, maintains that there has been no official policy change and that the company intends to continue production, despite the fact that resources are being channeled into the group's free-to-air TV channel Cuatro.
"Events change things", Sogecable spokesman Javier Garcia said. "Now we have a TV channel that requires resources and it relegates film to the back burner."
According to Garcia, Sogecine will continue its investment in local cinema in accordance with Spanish legislation that requires broadcasters to commit 5% of overall revenues to film production.
Only two films -- Jose Luis Cuerda's Los girasoles ciegos and Mateo Gil's Pedro Paramo, starring Gael Garcia Bernal -- have managed to hang on to their slot in the production lineup at the studio, which has cleared the rest of its slate. »
1 item from 2007
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.See our NewsDesk partners