Strategic Acquisitions in the Entertainment Industry

Strategic Acquisitions in the Entertainment Industry

Mediapro Studio, a major player in the entertainment industry, recently announced its acquisition of Fresco Film, a renowned production services company based in Malaga. This acquisition is seen as a strategic move by Mediapro to attract large-scale international projects and co-productions. Fresco Film, founded in 1972 by Peter Welter, has an impressive track record of working on popular shows like House of the Dragon, Westworld, The Blacklist, and Killing Eve, among others. One of its most notable contributions was its involvement in the filming of Game of Thrones in Spain, which ultimately led to the establishment of a lucrative tax credit system in the country.

The acquisition of Fresco Film by Mediapro Studio has been praised by industry experts for bringing together two powerhouses in the entertainment world. Laura Fernández Espeso, CEO of The Mediapro Studio, commended Fresco Film for their professionalism and experience, hailing them as a benchmark in the international industry. The integration of Fresco Film into Mediapro Studio is expected to further solidify the company’s reputation as a leading force in the production and distribution of high-quality content.

In another notable development, podcast outfit Persephonica has announced its expansion into Sheffield, opening up a new hub for podcast production in the northern English city. The company, known for producing popular podcasts like Miss Me? with Lily Allen & Miquita Oliver and Political Currency, will shift the majority of its staff to Sheffield while maintaining its London office. Founders Dino Sofos and Tom O’Hara, both Sheffield natives, are committed to investing in training, internships, and partnerships with local colleges and universities to nurture a new generation of podcasting talent in the region.

The decision to establish a podcasting hub in Sheffield has been hailed as a significant boost for creativity in the North of England. Dino Sofos expressed his excitement about the opportunity to contribute to the development of local talent and the growth of the podcasting industry in Sheffield. By bringing together industry experts, emerging talent, and established brands, Persephonica’s expansion into Sheffield is expected to create new opportunities for collaboration and innovation in the podcasting space.

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