FOR IMMEDIATE RELEASE
Sony Pictures Television And Caracol Televisión Sign Three-Year Multiple Series Co-Production Agreement
Miami, Fla. - Aug. 10, 2011 - Caracol Televisión and Sony Pictures Television (SPT) today announced that they have entered into a three-year co-production agreement to produce multiple primetime series to premiere on Caracol Televisión in Colombia. The agreement builds on the successful relationship between the two companies, combining their expertise in creating and producing high-quality Spanish language telenovelas and teleseries and distributing them around the world. The announcement was made by Carlos Alejandro Perez-Davila, president of Caracol Televisión and Donna Cunningham, managing director and executive vice president, Latin America & US Hispanic production, SPT.
As part of the agreement, SPT and Caracol Televisión will co-produce two primetime series per year over the course of the partnership. In addition, Caracol Televisión will produce local versions of formats from SPT's scripted format catalogue. The parties will share distribution of the series worldwide.
"As a premier producer in Latin America, we are committed to developing high-quality programming that appeals to a wide variety of audiences," said Cunningham. "Caracol Televisión's track record of creating, producing and launching successful primetime programming makes them an ideal partner and we look forward to continued success together. Latin America has a rich history of compelling drama and we hope to capitalize on the amazing pool of creative talent that the territory has to offer."
"We are very excited about the potential of this new partnership with Sony Pictures Television because it combines SPT's wealth of experience in the Global Television business with Caracol's proven knowledge of producing some of the most appealing television programing in our region. We are convinced that together we will be able to produce the type of innovative programing that will entertain and delight the natural audiences in our region, as well as the new audiences that we seek to reach around the world," said Carlos Alejandro Perez-Davila.
Angélica Guerra, international vice president of Caracol commented, "We are extremely proud to have a company like Sony as our partner. With this long term agreement we will be producing world class content combining the talent, resources and expertise of two of the top entertainment groups in Latin America."
ABOUT CARACOL TELEVISIóN
Caracol Televisión is a privately operated network and an international producer which has produced the majority of the most innovative and successful shows in Colombian television. Caracol has extended its reach to the whole world through its international signal and its international distribution division: Caracol International, with offices in Miami, Madrid and Bogotá. Caracol International distributes over 16,000 hours of original telenovelas, series and entertainment formats created by Caracol TV, which have crossed all cultural and language barriers, having become highly regarded products in the international market due to its excellent performance wherever they have been aired or produced. With 50 years of experience in the television industry, Caracol produces 4,000 hours of audiovisual material a year, has more than 10,000 hours of content in its library, its shows have aired in almost 80 countries in five continents and the local adaptations of its scripts have become huge successes around the world. Caracol Televisión has 14 studios, several of them equipped with High Definition, with a total capacity of approximately 60,000 square meters.
ABOUT SONY PICTURES TELEVISION
Sony Pictures Television is one of the television industry's leading content providers. It produces and distributes programming in every genre, including series, telefilms, theatrical releases and family entertainment around the world and for every platform: broadcast and cable television, first-run and off-network syndication and digital distribution. In addition to one of the industry's largest libraries of feature films and television shows, SPT boasts a current program slate that includes the top-rated daytime dramas and game shows, landmark off-network series, original animated series and critically acclaimed primetime dramas, comedies and telefilms. Internationally, SPT is a leader in local language productions around the world, some of which are co-produced with local partners, and sells SPE-owned formats in approximately 70 countries. To better serve its clients and partners worldwide, SPT maintains offices throughout the world, including Argentina, Australia, Brazil, Canada, France, Germany, Hong Kong, Hungary, India, Italy, Japan, Korea, Mexico, the Netherlands, the People's Republic of China, Russia, Singapore, Spain, Venezuela and the United Kingdom. SPT's worldwide television networks portfolio is a key strategy in SPE's long-range commitment to the global marketplace, with 120 channel feeds, which are available in more than 142 countries reaching more than 500 million households worldwide. SPT also creates original content for and manages SPE's premium video website, Crackle. Additionally, SPT owns Dutch entertainment company 2waytraffic, production company Embassy Row and Sony Movie Channel, and is a part owner of cable channel GSN, new 3D channel 3net, FEARnet, the premier horror/thriller website and VOD service, and national media sales company ITN Networks, Inc. SPT advertiser sales is one of the premiere national advertising sales companies, handling the commercial inventory in SPT's syndicated series as well as in all of SPE's digital businesses in the United States. SPT (www.sonypicturestelevision.com) is a Sony Pictures Entertainment company.