Sony acquires stakes in Dori Media channels and operations
| 22 October 2014
Sony Pictures Television (SPT) has entered into an agreement with Dori Media Group (DMG) to acquire a 50% stake in both its VIVA channels in Israel and Baby TV operations in Indonesia.
Sony PictureSPT Networks will also acquire 50% stakes in Dori Media's EPG (Electronic Programme Guide) operations and DMG's holding in Dori Media Ot, which provides technical services including dubbing, subtitling and closed captions.
The VIVA and VIVA Plus channels and the VIVA Walla online free video-on-demand (VOD) branded telenovela channels are carried by all Israeli multi-channel platforms for which VIVA boasts high viewership loyalty and high ratings. The co-branded online video service VIVA Walla, which offers telenovelas through Walla.co.il, is also claimed to attract high viewership.
Baby TV is Indonesia's first channel for toddlers ages three and under. It broadcasts 24 hours a day and commercial-free on leading pay-TV platform Indovision, as well as on the subscription service Top TV. The channel features programming introducing babies to the natural world and assisting with the development of primary skills.
"This acquisition builds on our strategy to capitalise on channels opportunities around the world, which includes entering new markets," said Andy Kaplan president of Sony Pictures Television's worldwide networks commenting on the move. "We've had a great experience working with the DMG team and are happy to be expanding our relationship."
Added DMG president and CEO Nadav Palti: "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."