Spain's SETT and South Africa's KAG Launch $28.5 Million Audiovisual Venture
By
Emiliano de Pablos
Summary
Spanish state investment vehicle SETT and South Africa's Known Associates Group (KAG) are launching a €25 million ($28.5 million) audiovisual venture in Spain. SETT, the investment arm of Spain's Ministry for Digital Transformation, will commit €12.7 million ($14.5 million) to two public-private ventures. The first involves $10 million for Moonlighting Studios Spain, a local arm of a South African production-services company based in Madrid, with additional post-production studios planned for the Canary Islands and Basque Country.
Source
VarietySpain's SETT and South Africa's KAG Launch $28.5 Million Audiovisual Venturevariety.comKey quotes
· 2 pulledSETT, the investment arm of Spain's Ministry for Digital Transformation, will commit €12.7 million ($14.5 million) to two public-private ventures valued at a combined €25 million ($28.5 million).
The first operation will see SETT committing $10 million to Moonlighting Studios Spain, the local arm of South African production-services
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