The newly formed initiative – under the leadership of Participant’s Executive Vice President Jonathan King – expects to develop and co-finance between 10 and 12 films for and from Latin America during the five year term of the deal.

“Participant PanAmerica enables us to increase our film output and expand our reach into the dynamic and fast growing Spanish-speaking market” Participant CEO Jim Berk announced. “By joining forces with Canana, Fabula and Dynamo, who are among the most accomplished production companies in their respective markets, we now have access to the region’s talent pool of fresh and highly creative filmmakers who are looking to explore important contemporary issues in exciting ways.”

Participant recently co-financed Canana’s Chavez and Fabula’s No, the Academy Award nominee for Best Foreign Language film which Canana distributed in Mexico and is in discussions with Dynamo to finance the supernatural thriller Aguas Rojas, which Spain’s Apaches is co-producing.