Ibermedia is a prominent initiative dedicated to fostering the Ibero-American audiovisual landscape. With a focus on co-production, the program plays a pivotal role in the development and promotion of films and projects across Spanish and Portuguese-speaking countries. It facilitates various funding opportunities, offering filmmakers access to resources that enhance their creative ventures. Ibermedia is particularly known for its collaboration with international events such as the Festival Internacional del Nuevo Cine Latinoamericano in Havana, which plays host to numerous film submissions, showcasing talent while also offering workshops and labs aimed at nurturing emerging filmmakers.

The program's commitment to inclusivity is evident through its specialized laboratorios such as DiALAB and BrLab, which support projects led by diverse voices, including Black filmmakers and those from Central America and the Caribbean. Ibermedia also emphasizes the importance of legal frameworks and arbitration in its operations, ensuring that artistic integrity and collaboration are preserved across borders. Through its various initiatives, Ibermedia significantly contributes to the richness of Ibero-American cinema.