Torreal acquires part of Imagina

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MADRID -- Spanish investment group Torreal has acquired 20% of Spanish entertainment giant Imagina, the television and film company said Wednesday.

The move adds resources to the growing titan, created by the last year's merger of two of Spain's most important television production and post-production groups: Grupo Arbol and Mediapro.

Grupo Arbol and Mediapro maintain a 60% stake in the company, with British advertising group WPP holding the remaining 20%.

Imagina, which posted 2006 revenue of €600 million ($816.7 million), is Spain's television content leader, with hits like "Los Serrano," "Los Hombres de Paco" and "El Club de Flo" dominating both public and private network programming.

Imagina also is co-producing Woody Allen's upcoming Spanish project starring Penelope Cruz, Javier Bardem and Scarlett Johanson.

Imagina's holdings include a controlling stake in free-to-air national channel La Sexta, which has secured a 3.5% audience share in its first year of operation.
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