Netflix, Amazon Among Top Investors Expanding Spain’s Entertainment Biz
variety.comJohn Hopewell Chief International Correspondent In April 2018, Netflix announced that Spanish heist thriller “Money Heist” (“La Casa de Papel”) had become the U.S.
streaming service’s most-watched non-English series ever. With a Spanish series crowned as the first foreign-language blockbuster at the company that has transformed entertainment worldwide, Spain’s expansion — long nurtured by hits such as “The Red Band Society,” “Grand Hotel” and “Locked Up” — well and truly lifted off.
Building on that success, in March 2021, Spanish prime minister Pedro Sánchez unveiled the AVS Hub Plan, which would invest €1.6 billion ($1.8 billion) into Spain’s audiovisual sector.
For a country in which the word españolada was used to write off supposed second-rate homegrown fare, the re-positioning of Spain’s film and TV industries as core drivers in its digital post-pandemic “reindustrialization” is little short of a revolution.
Read more on variety.com
