Madrid: A TV series production hub

MADRID - Media firms are racing to set up television production centers in Madrid following the runaway global success of Spanish series such as Netflix's crime caper Money Heist.

Spanish multimedia group Mediapro and its foreign rivals Viacom and Netflix have set up shop or increased their activity in the Spanish capital to meet booming demand for content sparked by the rise of subscription video streaming services.

During a recent visit to Mediapro's studios north of Madrid, film crews were busily recording a dialogue between two actresses on a set depicting an upscale law office.