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Beta Backs Brazilian Upstart Janeiro Studios With Koby Gal Raday, Ilda Santiago (EXCLUSIVE) [Yahoo! Finance]
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Studios, based in Rio and led by former Beta Film top exec Koby Gal Raday and Rio Fest head Ilda Santiago. A fourth partner will be Brazilian producer Mayra Faour Auad's MyMama Entertainment. More from Variety 'Babylon Berlin' Gets Green Light for Fifth and Final Season Series Mania, Beta Group Open Up Seriesmakers to Directors of Box Office Hits, Lesser Known Filmmakers (EXCLUSIVE) Billed as a New 'The Crown,' 'Maxima' Sells for Beta Film to Spain's Atresmedia TV Gal Raday will serve as CEO, Santiago as MD. The Studios' launch catches Brazil's film and TV in the first full flush of growth, sluiced by public funding with more quite possibly on the way. Brazilian president Luiz Inácio Lula da Silva unveiled plans at Rio's Quanta Studios last week to invest R$1.6 billion ($295 million) in Brazilian films and series in 2025. The sector is already receiving $516 million in Paul Gustavo Law funding, in a measure greenlit before Lula came into power. Janeiro Studios tackle
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