Spain's SETT Takes Aim at Global Audiovisual Dominance The Spanish government has been quietly building a behemoth in the audiovisual industry, threatening to disrupt the global market.
The state backed venture capital fund, the Spanish Society for Technological Transformation (SETT), has invested €215. 6 million ($252.
3 million) into Spain's film, TV, video game, and new technology sectors over the past 12 months, sparking matching private sector investment of a further €230 million ($269. 1 million).