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News: General

European Telco Companies Buy In To "Prestige TV"

Monday, October 23, 2017   (0 Comments)
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From The Hollywood Reporter:

To hold on to subscribers, and fight off Netflix, telephone and cable operators across Europe are pumping money into ambitious — and expensive — original series...

[Analyst Tim Westcott] notes that the investment by telcos in original drama is still tiny compared with the billions the companies have paid out for top sports rights. If their (relatively small) drama bets pay off, investment in Europe could skyrocket.

“This could mark a change in how television is made in Europe, especially if these companies are not looking to make their money off of the series they make but from other sources,” says Jan Mojto, whose production and sales outfit Beta Film is a co-producer on MediciLa Zona and The Velvet Collection. “But the key will be making a hit. The person who delivers the first series that works in three European countries — he will be king."

- Read the full article at HollywoodReporter.com


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