Abstract
In this paper, we present evidence of an indirect government intervention in the Spanish movie industry. In 1999, the Spanish Government mandated that operating TV networks invest 3% of their receipts on the production of movies in Spanish language. Using a data set of Spanish movies produced between 2000 and 2008, we study the empirical relationship between TV network participation on movie production and box office success. We find that private TV network participation (as opposed to public networks) through production (and not distribution) is associated with higher box office revenues and gross profitability rates, even after controlling for movie production budget.
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