Telefonica’s Terra Said to Start Online Movie Push in Europe
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Terra, whose websites attract almost 100 million visitors a month in the Americas, plans to offer online films and music in Europe this year, starting with Spain and Portugal, said a person with knowledge of the matter.
The media company, a unit of Telefonica SA, will introduce music service Sonora in Spain by the end of next month, followed by film site SundayTV in the fourth quarter, said the person, who asked not to be identified because the plan isn’t public. Terra intends to add those services in Portugal this year and expand to other European countries in 2013, the person said.