Spain’s state-owned investment company SETT (Spanish Society for Technological Transformation) has announced investments worth a combined €39.8m in two newly created international production partnerships: Ítaca Films Madrid and Good Films Studios Spain in Alicante. Ítaca Films Madrid has received €20m to create a Spanish arm of Mexico’s Grupo Ítaca, to produce 26 film and TV productions worth a combined €419m over the next 10 years in the capital.