Argentine Telenovelas

BA companies like Underground Contenidos are conquering foreign lands with their original series.

Brimming with besos y lagrimas, Latin American soap operas, or telenovelas, have long been produced to appeal to the tastes of home audiences in the home country. But globalization and the demand for international content from exotic regions à la Bollywood means more telenovelas are being packaged today for broader consumption. Seizing the opportunity, Argentine production companies are adapting their business model to meet the demand. “Original screenplays that appeal to a wide range of audiences and cultures are highly sought after,” writes Marcela Valente adding, “Some productions are made entirely in Argentina, specifically for markets abroad.” Argentina’s advantages for soap opera production include relatively low production costs, a deep local talent pool and the country’s natural beauty which makes for compelling backdrops for viewers in Russia and China. While some production companies are exporting licenses to produce a foreign version of an Argentine soap, others are increasingly exporting finished products, original Argentine series that are dubbed into the local language. As an example, Valente points to Lalola, “which took Argentine viewer ratings by storm and was exported to the United States and to 60 other countries in Latin America, Europe, Asia and Africa. ” (Full article).

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Mercedes-Benz Argentina

Automakers like Mercedes-Benz are benefiting from a luxury consumption boom in Argentina.

If March sales figures were any indication, 2010 will be a very good year for European luxury automakers exporting to Argentina. According to iProfesional; Audi, BMW, Mercedes-Benz and Porsche all posted double or triple-digit gains in units sold compared to March 2009. Several factors are contributing to the current boom: the falling Euro, pent-up demand after automakers slashed production and exports in ‘09 and the introduction of several new luxury models in Argentina like the Audi A5 Sportback and the BMW 5-Series Gran Turismo. BMW posted the largest gain with a 142% increase in units sold; 44% of those were 300 series models. Porsche was second with a 100% increase in units sold, while Audi posted a 52% increase. Of the four main European luxury brands, Mercedes-Benz sold the most units (588) in March. And local analysts say the boom-de-lujo is not limited to autos; high-end consumer demand for fine watches, jewelry and whiskeys is also strong thanks in large part to the strength of the Brazilian economy which is being described as an umbrella for Argentine companies posting record exports of cars, appliances and textiles to consumption-minded Brazil. Inflation has also forced the hand of Argentine retailers who are offering attractive, peso-denominated payment plans on goods once reserved for the upper class like large-screen LCD televisions. iProfesional also credits the European automakers for offering attractive financing plans like BMW’s four-year, 0% interest plan and bringing entry-level model prices down to around US$30,000.  (Full article)

You can't spell Bariloche without "BA" and you have to fly through BA to get there.

You can't spell Bariloche without "BA" and you still have to fly through BA to get there.

As the name of the site implies, we try to keep the focus on the City and the Province of Buenos Aires which includes Argentina’s portion of The Tango Coast. Still, there are times when foreign media outlets put the spotlight on other corners of this amazing country, and InvestBA readers should explore the opportunities that exist beyond BA. The New York Times gives readers such an opportunity today with the Great Homes & Destinations section showcasing San Carlos de Bariloche, a beautiful resort town at the base of the Andes in Argentina’s beautiful Lakes Region. The House Hunting home in question is a 4 bed/3 bath lakefront house on half an acre for $1.3 million, and the slide show is available here. The article offers a wide range of useful information for anyone contemplating real estate investment in Argentina. The majority of buyers today are from Argentina; however, buyers from Europe and the United States are also common.” “There are no major restrictions for foreigners buying property in Argentina,” the Times notes, and home prices in this corner of Patagonia range from $100-$190/square foot compared to approximately $160-$280 in Palermo or $230-$460 in Recoleta. And while home buyers in Argentina typically pay a 3-4% commission, that is more than offset over time by low property taxes relative to the U.S., Canada and Europe. The tax bill on the 4,300 square foot home featured here is around $600/year. For those planning their initial exploratory visit, the Times recommends the Llao Llao as an ideal Bariloche basecamp.

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