News
July 23, 2020 |

C21Media

Sony exits Israeli channels operator Dori TLV

Sony Pictures Television (SPT) has sold its 50% stake in Dori TLV, which operates three TV channels in Israel, to Dori Media Group (DMG), giving the latter full ownership.

Nadav Palti

DMG said the deal was an opportunity to consolidate its control of the business following SPT’s decision to exit. Financial details of the deal were not disclosed.

SPT took a 50% stake in the business, which owns and operates two daily telenovela drama channels, Viva and Viva Plus, in 2014.

A third channel, Viva Vintage, was launched in April, while Dori also operates an advertising-supported VoD service focusing on daily dramas.

Dori TLV also owns Dori Media OT, a technical services arm, offering subtitling, dubbing, video and audio editing and format conversions.

Nadav Palti, CEO and president of DMG, said: “We are grateful to Sony Pictures Television for the partnership during the past six years. The market is constantly changing and we all change accordingly. We are confident that our partnership with Sony and the excellent relationship we have built over a number of years will lead to more ventures in the future.”

John Rossiter, executive VP, distribution and networks, CEEMA at SPT, added: “We have enjoyed a productive partnership with Dori Media over the years and greatly appreciate their commitment to the business. We trust that our successful relationship will present new opportunities to align our mutual interests in the future.”

Come join the allrites marketplace! Unlock the value of content!

Get Started Now!

Recent News

Amazon fast-tracks ‘The Boys’ spin-off after global success
Amazon fast-tracks ‘The Boys’ spin-off after global success
A spin-off to Amazon’s comic book series ...
Read More...
UK factual indie Passion Planet hires wildlife producer Nick Stringer
UK factual indie Passion Planet hires wildlife producer Nick Stringer
UK prodco Passion Planet, a division of London-based factual ...
Read More...
News round-up: ITV America’s Sirens reveals ‘Baddies’; Cineflix sells ‘Ordinary Woman’ S2
News round-up: ITV America’s Sirens reveals ‘Baddies’; Cineflix sells ‘Ordinary ...
Sirens unveils ‘Baddies’ with 16-year-old Marsai Martin ...
Read More...
Gaumont preps Mexican drama with ‘This Is Not Berlin’ duo
Gaumont preps Mexican drama with ‘This Is Not Berlin’ duo
French studio Gaumont is developing a Mexican music drama ...
Read More...
HBO Max orders ‘dark, horror-tinged’ Pretty Little Liars reboot
HBO Max orders ‘dark, horror-tinged’ Pretty Little Liars reboot
HBO Max is rebooting Pretty Little Liars with a ...
Read More...