THE INVESTMENTS MADE TO PRODUCE A NEW FILM ARE ESTIMATED AT ABOUT USD$25M- 40M.
Lantica Media, the entertainment industry is working on developing several film productions, among them, “El Zorro”, whose production would begin later this year featuring an investment of USD$25M-40M. The production for “El Zorro” creates several job opportunities within the D.R’s film industry, whose growth has been made evident through the interest and contacts made by international producers, given the infrastructural expansion as well as the development of the tourist sector.
Assurance was given by the new Chairman of the Board to Lantica Media, Joaquín Blaya, who since 2014 works an active member. Blaya spoke alongside the new COO for Lantica Media, Fred Medina, who possesses vast trajectory within the industry after working in BBC Worldwide, HBO, A&E, among other channels. Both Blaya and Medina were recently appointed by Lantica Media for their new executive positions.
Blaya heads today the position previously led by businessman Felipe Vicini, who will remain as member of the Board, while Medina’s position was created as part of the growth projections for Lantica, which at the same time allows the company to separate administrative and commercial positions from those purely operational.
The new Chairman of the Board for Lantica Media, company comprising Pinewood Dominican Republic Studios and Lantica Pictures, said that the growing tourist sector in the D.R. is a good example of what can be expected from this operation, given that “it is fact that the D.R has become the #1 tourist hub in the Caribbean and possibly in Latin America”.
Blaya assured that with the developed infrastructures, the windows of opportunity are evident, as well as the technical facilities for the D.R to become the main core for video, in general terms, because that is what film, television and new technologies are.
Blaya hopes for the D.R to become the Latin American capital city for film and television content development aimed for worldwide distribution. Lantica is a world-class film production compound, featuring several divisions, which develops, finances and produces original content for Spanish-speaking and English-speaking viewers. Lantica is managed by TRD, co-managed by TerraRD and INICIA.