Real Madrid has applied for €8 million from the Spanish Audiovisual Hub of Europe to “reinvent” Real Madrid TV as an OTT platform.
The project, dubbed ‘Real Madrid Digital Factory’ would combine on demand content with live streaming, distributed across multiple platforms.
The information comes from a request made by Spanish media to the Ministry of Economic Affairs and Digital Transformation.
The Audiovisual Hub project seeks to attract investment and strengthen audiovisual production in Spain. Its made investments of €1,600m including €200 million from the Recovery, Transformation and Resilience Plan.