Earnings practically doubled and turnover hit report ranges at Zorro producer Secuoya Content material Group final 12 months, based on the Spanish main’s newest financials.
The outfit stated EBITDA rose 85% to €59.1M ($67M) for 2024 fiscal 12 months, whereas revenues shot up by 33% to a report €142M. Moreover, the group skilled a 51% enhance in adjusted EBITDA, 118% progress in EBIT and a 214% rise in consolidated web revenue, based on Secuoya.
Secuoya stated the “excellent outcomes are a direct consequence of the sturdy efficiency of Secuoya Studios, which has grow to be the principle pillar of worth creation for the corporate and a benchmark within the business for content material creation, manufacturing, post-production, and distribution.”
Final 12 months, the two,000-staff firm shot 5 collection and 4 films totalling 156 hours of content material, having doubled down on the studio and launched a manufacturing hub in Colombia. We revealed in Feb that Secuoya had struck a first-look growth and manufacturing deal with The Castaways and This Time Subsequent 12 months producer BlackBox Multimedia.
Latest titles embody Los 39, a Colombia-Spain co-production, together with Shades, Terra Alta, Arcadia, The Crossroads and Padres.
Raúl Berdonés, founder and government chairman of Secuoya Content material Group, stated: “4 years in the past, we made a daring determination to pivot from a service-based enterprise mannequin to grow to be a content-driven firm. Right now, the outcomes validate that alternative. Our technique—targeted on retaining mental property, diversifying content material exploitation, optimizing tax incentives, guaranteeing artistic freedom, and constructing a stable and sustainable worldwide growth—is proving to be worthwhile, scalable, and aggressive.”
Final 12 months, we analyzed how Secuoya was planning to be a bridge between Hollywood and Spain after launching its most formidable manufacturing to this point: the trendy take of Zorro, directed by Cash Heist helmer Javier Qintas and starring Miguel Berardeau because the dashing vigilante created by Johnston McCulley.
Since then, rival Mediapro has additionally launched a U.S. studio with initiatives that includes John Turturro and Melissa Leo.
