Endemol increases stake in Endemol Andino

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AMSTERDAM -- Dutch entertainment giant Endemol announced Thursday it has increased its stake in Endemol Andino, extended its output deal with the Brazilian broadcaster TV Globo and appointed a new creative director for the Latin American region.

Endemol has increased its stake in Endemol Andino from 51% to 85%. Based in Colombia, the company produces content for the major broadcasters across the Andino area, which incorporates Colombia, Venezuela, Ecuador, Peru and Bolivia.

Endemol Andino was established in 2005 in partnership with RTI, a leading producer of telenovelas, and Tepuy, one of the main distributors of telenovelas in the region. Its credits include local versions of "Big Brother" and "Deal or No Deal."

In Brazil, Endemol has just reached an agreement on extending its output deal with TV Globo, the largest television broadcaster in the territory. The deal includes local versions of "Big Brother," "Strictly Come Dancing" and "Fama."

Endemol has also appointed Martin Kweller as creative director for Latin America. Kweller retains his position as managing director of Endemol Argentina. His new role broadens his responsibilities to oversee and help build Endemol's content across all of Latin America, in both scripted and non-scripted genres.

In another move to strengthen its business, Endemol has acquired television production facilities in Argentina to meet increasing demand for content and production capacity in a rapidly growing market.

Tom Barnicoat, Endemol COO said: "Martin Kweller's proven creative and entrepreneurial track record will be a great asset to our operating companies in Latin America. His appointment, along with our increased stake in Endemol Andino and renewed deal with TV Globo, leaves us well placed to further grow our business in the region."
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