ALBERTO AND JORGE SANCHEZ-CABEZUDO, SPANISH PRODUCERS FROM KUBIK FILMS, HAVE JOINED NEWEN STUDIOS

Newen Studios acquires a majority stake in Kubik Films, a company founded in 2016 by the talented brothers Alberto and Jorge Sánchez-Cabezudo. They are highly regarded in Spain, with Jorge being a renowned director and both of them being accomplished screenwriters and creators of the feature film 'La noche de los girasoles' and 'Crematorio,' one of the most notable Spanish TV series. Alberto and Jorge Cabezudo have been involved in writing and directing ambitious television series like "Gran Hotel", "Velvet" and "Bajo Sospecha". Kubik Films' inaugural production, "La Zona" for Movistar+, received several prestigious awards.

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Kubik Films is currently developing multiple television series projects and is in the final stages of post-production for a six-episode series set to premiere on an international platform in the spring of 2024.

For Philippe Levasseur, Head of the International department at Newen Studios: "This investment is the natural continuation of our minority stake in Kubik Films in 2021. Over the past two years, Alberto, Jorge, and the Newen Studios teams have developed very strong bonds. The company has delivered on all its promises, thanks to the creativity and solid presence of Alberto, Jorge, and their team in the Spanish creative community."

For Alberto and Jorge Sánchez-Cabezudo: "The collaboration with Newen Studios over the past few years has been excellent, and the working relationships have been very enriching. Our goal is to continue developing ambitious projects with international appeal, and for that, we are confident that we have the best partners for the journey ahead."

This majority stake acquisition marks Newen Studios' continued expansion into Spanish-speaking territories. The group is already the majority shareholder in the Izen Group, which has a strong presence in Spain.  Izen has become one of Spain's leading producers, with over 2,000 hours of production each year. In Spain, Izen includes the labels Zebra Producciones, BocaBoca, EuroTV Producciones, Hill Valley and Proima Zebrastur, IndaloYMedia, Capa Espana and Newco. Izen is also present in Latin America with Cacao productions, a joint venture created with Argentine producer Non Stop, with offices in Madrid and Mexico City, which will also produce content for the huge Spanish-speaking market.