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The President of the Government, Pedro Sánchez, provided details of the Spain Audiovisual Hub plan, which aims to turn Spain into one of the main audiovisual production centers in Europe and the world.

The investment was planned after streamer garnered nearly four millions subscribers in Korea and worldwide demand for its content. The platform is also making efforts to diversify its catalog.

The fundings serve as fresh investment capital, given since Mid-December of 2020. The theaters will use the money to establish a plan to reopen.

Executives from NBC, Nielsen, Telemundo, and Estrella Media, among others, discussed how viewership increases resulting from the pandemic shifted the prevalence of local TV and series, and presented opportunities for both markets to attract more viewers and brand investment in 2021.

The group creation follows the company's commitment of £10million investment per year across its markets to strengthen its diversity and inclusion efforts.