Hispanic TV joint venture launching
Nala Investments, Latin World Ent. partnerMEXICO CITY -- Private firm Nala Investments and talent management company Latin World Entertainment have joined forces to launch Nala Entertainment, a Hispanic TV production venture that has begun operations with $100 million in funding.
Los Angeles/Miami-based Nala will focus on the financing, development and production of Spanish-language TV programs. Latin World Entertainment's chief executive Luis Balaguer says the upstart company is looking to produce two telenovelas a year with indie producer Argos, its Mexico-based partner.
A pilot already has been shot for Nala's first scripted series, "El Diez." Balaguer describes the program as " 'Entourage' meets the world of soccer."
Nala will be looking to sell its content to leading U.S. Spanish-language networks Univision and Telemundo and to broadcasters throughout Latin America.
Nala Investments is the parent company of Nala Films, which has produced such features as "In the Valley of Elah" and "The Air I Breathe."
Latin World Entertainment is a management company dedicated to the U.S. Hispanic market. It has marketed more than 500 films for the Hispanic market and worked alongside studios including Sony, Disney and 20th Century Fox.
Emilio Diez Barroso, chief executive of Nala Investments, believes the Hispanic market was long overdue for a cross-regional platform.
"In a time when network production budgets are shrinking, Nala Entertainment offers a valuable solution by becoming an independent provider of quality material and formats," he said.