'Magallanes,' 'Ixcanul' Top Premios Platino Shortlist

Magallanes Still - H 2015
Courtesy of Toronto International Film Festival

The Platinos, which are aiming to become the Latino Oscars, will air live on TNT Latin America on July 24.

The Peruvian thriller Magallanes and the Guatemalan drama Ixcanul top a shortlist of films looking to make the final cut for the 3rd edition of the Premios Platino.

Other films receiving multiple nods Thursday include Ciro Gomez's Oscar-nominated Embrace of the Serpent (El Abrazo de la Serpiente), from Colombia; The Memory of Water (La Memoria del Agua), from Chile; Mexico's Carmin Tropical, Argentina's The Clan; and Dominican Republic's very own, La Gunguna.

Salvador del Solar's redemption thriller Magallanes had its international premiere at the Toronto film fest, while the award-winning Ixcanul, from up-and-comer Jayro Bustamante, bowed at Berlin last year.

The Platinos were launched in 2014 as a platform to promote Ibero-American movies, cinema hailing from Latin America, the Caribbean, Spain and Portugal. Organizers see the awards ceremony as a version of the Oscars for the Spanish- and Portuguese-speaking world.

Latin American films in particular tend to perform well on the international festival circuit, however, more often than not they struggle to find audiences at home.

Oscar-nominated actor-producer Edward James Olmos, who attended Thursday's news conference in the Dominican Republic, said he believes the awards ceremony will help under-the-radar films gain broader exposure.

The final nominees will be announced on May 26 in Los Angeles and the ceremony is set for July 24 in Uruguay.