Telefonica goes to the pictures

TELEFONICA STUDIOS has invested in Tadeo Jones 2, the sequel to one of Europe’s most successful animation films this decade.

The move gives it one of the biggest production slates of any company in Spain.

Telefonica Studios, a branch of the telecoms company Telefonica, is required by law to invest in or buy local movies in both Spain and Argentina each year.

It has recently made commitments to a range of new Argentine productions, via the country’s broadcast network Telefe.