Latest news with #SecuoyaStudios
Yahoo
09-05-2025
- Business
- Yahoo
Spain's Secuoya Posts Record Revenues After Doubling Down On Studio
Profits nearly doubled and turnover hit record levels at Zorro producer Secuoya Content Group last year, according to the Spanish major's latest financials. The outfit said EBITDA rose 85% to €59.1M ($67M) for 2024 fiscal year, while revenues shot up by 33% to a record €142M. Additionally, the group experienced a 51% increase in adjusted EBITDA, 118% growth in EBIT and a 214% rise in consolidated net profit, according to Secuoya. More from Deadline Secuoya Studios & 'The Castaways' Producer BlackBox Multimedia Ink First-Look Development & Production Deal Secuoya Studios Chief James Costos On How Spain Has Become A "Gold Mine" For Developing Global Productions - Iberseries & Platino Industria International Insider: Spanish Spotlight; Oscars Go International; Argentina Deep Dive Secuoya said the 'outstanding results are a direct consequence of the strong performance of Secuoya Studios, which has become the main pillar of value creation for the company and a benchmark in the industry for content creation, production, post-production, and distribution.' Last year, the 2,000-staff company shot five series and four movies totalling 156 hours of content, having doubled down on the studio and launched a production hub in Colombia. We revealed in Feb that Secuoya had struck a first-look development and production deal with The Castaways and This Time Next Year producer BlackBox Multimedia. Recent titles include Los 39, a Colombia-Spain co-production, along with Shades, Terra Alta, Arcadia, The Crossroads and Padres. Raúl Berdonés, founder and executive chairman of Secuoya Content Group, said: 'Four years ago, we made a bold decision to pivot from a service-based business model to become a content-driven company. Today, the results validate that choice. Our strategy—focused on retaining intellectual property, diversifying content exploitation, optimizing tax incentives, ensuring creative freedom, and building a solid and sustainable international expansion—is proving to be profitable, scalable, and competitive.' Last year, we analyzed how Secuoya was planning to be a bridge between Hollywood and Spain after launching its most ambitious production to date: the modern take of Zorro, directed by Money Heist helmer Javier Qintas and starring Miguel Berardeau as the dashing vigilante created by Johnston McCulley. Since then, rival Mediapro has also launched a U.S. studio with projects featuring John Turturro and Melissa Leo. Best of Deadline 2025 TV Series Renewals: Photo Gallery 2025 TV Cancellations: Photo Gallery 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-02-2025
- Entertainment
- Yahoo
Secuoya Studios Expands International Reach With New BlackBox Multimedia Partnership in the U.K.
Spanish content powerhouse Secuoya Studios has entered into a strategic first-look development and production partnership with London-based BlackBox Multimedia to co-produce premium series for U.K. and Spanish streamers and broadcasters. The collaboration, forged in Madrid's Content City, marks a major step forward for Secuoya and its first foray into the U.K. market. The alliance is a significant move toward Secuoya's goal of generating 30% of its annual revenues from content produced in languages other than Spanish. By tapping into the British market, the Spanish studio opens the door to fresh opportunities and strengthens its commitment to broadening its international footprint. More from Variety Spanish Star-Studded Psychological Thriller 'Shades' Heads Beta Film's EFM Slate, as It Acquires Bulgaria's 'Shattered Bonds' (EXCLUSIVE) Spanish TV Producers Target Opportunities, Navigating the Rocky International Scene Bacardi's Origins Inspire New Drama Series From 'Zorro' Producer Secuoya Studios, Arrivelo Producciones (EXCLUSIVE) Secuoya Studios' international expansion initiative was announced just three months ago. With a robust strategy in place, the studio is now poised to develop multiple projects across various languages and markets. This parallel development model allows for deeper engagement with each audience while ensuring the quality of every production. Brendan Fitzgerald, CEO of Secuoya Studios, expressed his enthusiasm for the partnership: 'We are delighted to partner with BlackBox Multimedia to bring innovative and exciting stories to life—stories capable of captivating global audiences. Their solid experience in the British market brings invaluable expertise and a global perspective that will greatly enrich our joint projects.' BlackBox Multimedia's Managing Director, Chiara Cardoso, echoed this excitement, saying, 'We could not be more excited to start the year with the launch of this new partnership. We've always been firm champions of international co-productions, and we are thrilled to be the creative partner of a force like Secuoya Studios in the English-speaking market. Their ambitions match our vision of what the new generation of European producers will look like and we're excited to embark on this mission together.' With this new alliance, Secuoya Studios is poised to continue its global growth, bringing compelling stories to audiences worldwide. Best of Variety New Movies Out Now in Theaters: What to See This Week Grammy Predictions, From Beyoncé to Kendrick Lamar: Who Will Win? Who Should Win? What's Coming to Netflix in February 2025
