Sony Buys Half of Indonesian Telenovela Channel Televiva
Swiss-based group Dori Media will continue to hold 50 percent of the Asian network.
Sony Pictures Television Networks has signed a deal with Dori Media Group to take a 50 percent stake in Televiva, an all-telenovela channel that Dori operates in Indonesia.
Dori will continue to hold the remaining half of Televiva, which broadcasts Latin American melodramas dubbed into Bahasa for the Indonesian audience.
The channel complements SPT Networks' existing Asian operations. The studio already has as a sizable pay-TV presence in the region, with five of its niche channels -- AXN, Sony Entertainment Television, beTV, One and Animax -- available on various Asian pay platforms.
Indonesia, with more than 240 million people, has a small but growing pay-TV industry, forecast to more than double to 5.5 million households by 2016.