Sony takes 50% stake in Dori Media
October 21, 2014
Sony Pictures Television (SPT) and Dori Media Group (DMG) have entered into an agreement whereby SPT will acquire 50 per cent of the VIVA and VIVA Plus channels and the VIVA Walla online free VoD service in Israel, along with 50 per cent of DMG’s Baby TV operations in Indonesia.
Andy Kaplan, President of Sony Pictures Television’s worldwide networks, said: “This acquisition builds on our strategy to capitalise on channels opportunities around the world, which includes entering new markets. We’ve had a great experience working with the DMG team and are happy to be expanding our relationship.”
The VIVA branded telenovela channels, VIVA and VIVA Plus, are carried by all Israeli multi-channel platforms.
SPT Networks will also acquire 50 per cent stakes in Dori Media’s EPG operations and DMG’s holding in Dori Media Ot, which provides technical services including dubbing, subtitling and closed captions.