Eyeworks acquires Cuatro Cabezas

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BUENOS AIRES -- Dutch production house Eyeworks is continuing its aggressive expansion into the global television market with the acquisition of Cuatro Cabezas, one of the most influential and award-winning production companies in the Spanish-speaking world.

The agreement will team the Dutch reality giant with the Argentine firm best known for its innovative and creative aesthetic approach on nonfiction programs like "Caiga Quien Caiga (CQC)," "The Team" and "E-24."

"CQC," a popular political satire show, has been adapted in Spain, Italy, France, Israel and Chile and nominated for numerous International Emmy awards. Cuatro Cabezas also produces original programming for HBO, MTV, Discovery Channel, TNT and others.

Founders Diego Guebel, a producer-director, and television and radio host Mario Pergolini will continue to oversee day-to-day operations.

"We are excited because we will remain independent and will still be responsible for running the company, but thanks to Eyeworks, we will have the tools to strengthen our presence in (new) markets and ... bring our content to new horizons," Guebel said.

Eyeworks now has a foot in nearly every corner of the globe. Its programs air in more than 50 countries worldwide. In July, they acquired U.K.-based At It Prods. and last year took a 50% stake in Los Angeles-based 3 Ball Prods. ("Beauty and the Geek," "The Biggest Loser"). With their expansion in Latin America, Eyeworks now has a production presence in 11 countries on five continents.

"Cuatro Cabezas has a proven track record of sending its formats abroad and using this creativity to expand into new markets, which fits perfectly with our strategy," Eyeworks CEO Reinout Oerlemans said.
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