of the movieAudiovisual platform founded in Barcelona in 2007 by Jaume Ripoll (editor and purchasing director), Juan Carlos Tous (Executive Director) and José Antonio de Luna (chief of operations) and the first video on demand launch in Spain. The news was published this Tuesday by the economic and market information newspaper ‘Expansión’. Nazca Capital, The private equity fund management company, founded in 2001 and controlling Film together with investment fund Seaya Ventures since 2020, has hired the services of the business bank MysteriousIt specializes in the management and advice of alternative assets for sale. of the movie. A recent capital increase was carried out in 2020. 20 million euros Mainly with the contribution of Nazca Capital.
Shareholders of this platform for cinema and author series can be purchased on demand and by subscription for no more than 9.99 euros per month. 15,000 references in its catalog and deals with BBC, MGM, Universal or Sony They estimate that one movie, documentary and TV series will be released per week. The value of the sale could be between 40 and 50 million euros. Film, where you can find classic or contemporary films, prestigious TV series and many documentaries, is a gold mine for users; 65% of the catalog consists of European productions.
It has thematic channels (Goya awards, Oscars, LGBTI, History, Comics, Art, Gastronomy, FilmKIDS). It has its own production, but it is still behind Netflix, Disney + and other international streaming platforms in this regard. In 2015, he co-produced the film ‘Barcelona, nit d’hivern’ by Dani de la Orden.and had already launched an app for mobile devices three years ago. Created in 2017, SinemaCAT’s content is entirely in Catalan.
Although the numbers are not disclosed, the number of subscribers is quite high and the scope of the film has expanded with events such as those in recent years. Atlàntida Mallorca Film Festival, The event has been celebrated face-to-face and online in July for 14 years. At the last Sitges festival, Ripoll received the Proyecto Inspira award for his work in the Majorca competition. According to Ripoll, it is the festival that bridges the Malaga competition celebrations with the San Sebastián celebrations for Spanish cinema.
According to ‘Expansión’, ebitda, the financial indicator of the film’s gross operating profit before deducting financing expenses, currently stands at around eight million euros. Although the possibility of the emergence of another financial investor cannot be ruled out, possible purchase by Telefónica (Movistar+) or Amazon (Prime Video). Any of these companies will become stronger with the good image of the catalog and the Film. The company’s market share in Spain, another operating base of which is Portugal, is between 5% and 10%.
Regarding the article published in ‘Expansión’, the film confirms that Nazca sent Arcano to advise on the evaluation of different strategic options, including liquidation of potential funds and inorganic growth options (investing in the company). is already productive, which usually produces resources immediately). The remaining information does not come from Film, Nazca, Seaya and Arcano and no comments are made about this information for confidentiality reasons.
Source: Informacion
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.