Spanish audiovisual company MediaPro has bought out 60% of film and TV producer Ovideo TV.
The company has also bought a 20% share in Italian producer and consultancy Gruppo Comunicazione Italia (GCI) with an option to raise the stake later this year.
The deals follow MediaPro's announced full-fledged entry into feature film production last month under newly-hired film chief Juan Ruiz de Gauna. MediaPro's star product is forthcoming documentary Looking For Fidel about Fidel Castro and Cuba from director Oliver Stone.
Ovideo co-produced recent Malaga Film Festival sensation Smoking Room and San Sebastian International Film Festival award-winner Work In Progress (En Construccion). The company is also active in TV production and events organisation, including the opening and closing ceremonies of the 1992 Olympics in Barcelona.
GCI encompasses four groups: channel packager VCI, production facilities outfit Etabeta, producer Betanews and graphics and image creators Frame By Frame.
MediaPro already owns 12% of Madrid-based film producer Esicma and has an ongoing production agreement with Elias Querejeta which encompasses forthcoming Javier Bardem-starrer Mondays In The Sun (Los Lunes Al Sol).