Sony Pictures Television (SPT) and Dori Media Group have entered into an agreement whereby SPT will acquire shares in various Dori Media channels.
SPT is acquiring 50% of the Viva and Viva Plus channels and the Viva Walla online free VOD service in Israel, along with 50% 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 capitalize 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.”
Nadav Palti, president and CEO of DMG, commented: “SPT’s decision to expand our working relationship in Indonesia, and in Israel for the first time, reflects the strength of our position in two excellent markets. We are excited to be working more closely with them and are confident these ventures will flourish.”
The Viva branded telenovela channels are carried by all Israeli multi-channel platforms.
Baby TV is Indonesia’s first channel for toddlers ages three years and younger. It broadcasts 24 hours a day and commercial free on leading pay TV platform Indovision, as well as on subscription service Top TV.
SPT Networks will also acquire 50% stakes in Dori Media’s EPG (Electronic Program Guide) operations and DMG’s holding in Dori Media Ot, which provides technical services including dubbing, subtitling and closed captions.