Movistar’s Domingo Corral Talks Local Success, HBO & Netflix –

The presence of Movistar Plus+, Spain’s largest pay-TV/SVOD operator, is hard to ignore at this year’s San Sebastian Film Festival, with two original TV series and a feature film scattered throughout the program by the streamer. has happened The Telefonica-owned platform also had a hand in every Spanish feature in the festival’s official selection. in San Sebastian to discuss Domingo Corral, director of original fiction at Movistar Plus+, the company’s drive into original production, the current boom in local Spanish productions, and how they compete with global streamers like Netflix and HBO. Met. Domingo, hOh business?

Domingo Corral: We are in very good shape. We have two shows here in San Sebastian: easy And Off worldWhich is part of the official section. It is the only show that is part of the festival’s official selection. And then we started the festival with him. Model 77. What are the biggest challenges facing your company and sector in Spain at the moment?

Corral: The biggest challenge right now is production costs because they are increasing dramatically, and not because all the players are making more money or because subscriptions are increasing. But because there is a lot of production going on, which is a good thing. This is much better than the opposite scenario, but you also have to be careful. We will always produce here because we are a Spanish company, but others may decide to go elsewhere. Do you see yourself competing with Netflix and other global streamers?

Corral: Of course, we compete with them, but we go our own way. I know what they are doing, and I have a lot of respect for what they do. They are tough competitors. But I firmly believe that competition makes you better. I think it’s good for us to compete with players like Netflix, HBO, or Disney+. I think it makes us better. At first, I was worried because I was thinking, wow, all these people with their big pockets have landed here in Spain, are we going to be able to survive? Because we don’t have a scale. I thought that five years ago, and here we are. Netflix and Amazon are investing heavily in local Spanish productions. Is it actually financially beneficial for Spanish industry or is money just leaving the country?

Corral: This is a good thing. There is no question about it. For example, just take Netflix. I don’t know how many shows they’re doing, but they’re investing here. Netflix has this global platform, and in that sense, of course, they have a tremendous advantage. They can make a show popular worldwide. There is no doubt that it is good. There is a lot of content being created, and a lot of it is irrelevant or bad. But I’d rather have it than lack it in the past. The streaming business is undergoing a lot of changes right now. For example, HBO is merging with Discovery. What do you see happening in the future?

Corral: I am optimistic. I think there is going to be some restructuring. I think production levels are going to decrease. US platforms are now betting heavily on shows. Lord of the Rings, so maybe this could be a trend. And when it comes to HBO, I hope traditional HBO continues to make great shows all these years.

HBO has been an inspiration to me. I owe him a lot and will be very sad to see him give up his vision on TV. I hope not because television is not about quantity. It’s about quality. To make television, you need to spend time in development. You need to write many versions of the script and then you need to put resources. Time is of the essence when it comes to making television. And what I see now is the quantitative approach, which is creating a lot of shows, and most of them are completely irrelevant. One of the best things HBO has taught us is how to make good television. So I hope that whatever happens, nothing will change.

If you ask me, it’s sad to see what’s going on. Being sold to AT&T and then to Discovery. Now they will have to make huge cuts, including laying off many valuable executives. This is sad. Warner, HBO, and Turner are great, amazing brands. I am an optimist and I think they will find a way to survive this corporate mess. What do you think has been your biggest achievement so far at Movistar Plus+?

Corral: We are a telco company. When we started, we had no brand identity in the content business. We had no credibility. We weren’t HBO or Sky or Canal Plus. So thanks to the amazing creators we’ve been able to work with, we’ve built a brand that’s associated with good quality television. What our clients tell me, which is very important, is that one of the reasons they stay with us is because of the original programming. What we do is not about making too many shows, but about making relevant, unique, niche shows. I think we’ve been successful, not all the time, but sometimes we’ve been successful. I am very proud.

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