MGM & Salma Hayek Make A Deal

MGM has formed a partnership with Salma Hayek and Jose Tamez to develop, produce and acquire mainstream films that either draw on Latin themes or feature Latin talent, both in front of and behind the camera.

The label, dubbed Ventanazul (‘blue window’ in Spanish), will be housed at MGM with the aim of acquiring, rather than developing, Latino fare with crossover potential.

Budgets for the mainly English-language projects will run from $5 million to $25 million. The production deal is the second for MGM after November’s announcement of the United Artists rebirthing with Tom Cruise and Paula Wagner.