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Endemol acquires hit-making Spanish TV production outfit

Endemol Entertainment has bought out 100% of Barcelona TV production outfit Gestmusic Endemol.Endemol, itself 100% owned by Spanish telecoms company Telefonica, originally bought into the producer in 1994 and owned 60% prior to the latest move. Gestmusic founders Tony Cruz and Jose Maria Mainat will stay on as co-executive directors for at least another four years.Gestmusic is best known for the creation of hugely successful TV programs such as reality show Operacion ...

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