Buena Vista International - Latin America (now known as Star Distribution), Telefonica and Argentina-based Clarin became owners of Patagonik in 1997.

[1] They were in charge of the production of the film Evita, by Alan Parker, and the video "Love Don't Live Here Anymore" by Madonna.

In 1997 Patagonik produced Cenizas del paraíso, directed by Marcelo Piñeyro, a box office success and was awarded Best Foreign Feature Film at the Goya Awards.

The children's film, which blended animation and real footage, was based on a famous television character, and was a success in Argentina.

Since then, Patagonik Film Group has produced over 30 feature films, among them Fabián Bielinsky's Nueve Reinas, which beat audience records and achieved important awards worldwide.