Aaron Kaplan‘s Kapital Entertainment has closed a two-year first-look deal with Venezuelan cable network Radio Caracas Televisión, one of the leading producers and exporters of telenovelas worldwide. Under the agreement made with Jorge Granier, managing director of RCTV’s Miami-based subsidiary RCTV International, Kapital Entertainment will have access to the entire library of RCTV formats and content — over 300 shows and 35,000 hours — as well as taps into Granier’s relationships throughout Latin America to acquire other formats from the region. The venture plans to develop projects for U.S. broadcast and cable networks, which will be executive produced by Granier and Kaplan.

The pact, brokered by UTA, expands Kapital’s focus on Spanish-language content. The company’s recent projects in that arena include upcoming ABC Family series Chasing Life, which was based on a Televisa Mexican format; Mysteries Of Laura, based on a Spanish format, which has a production commitment at NBC; and The Madonnas Of Echo Park, based on Brando Skyhorse’s novel, which Kaplan developed at HBO last year with writers Kelly Marcel (50 Shades Of Grey) and Julia Cho (Big Love). Granier, who previously partnered with producer Gary Pearl on the U.S. format rights to the RCTV library, recently sold Jane The Virgin, a one-hour drama to CW written by Jennie Snyder Urman based on an RCTV format. It is co-produced by Electus and Sofia Vergara’s Latin WE, which also had teamed with Granier to produce new webisodes for Isla Presidencial, a popular Latin American animated web series.