Sony Pictures Television Takes Stake in Israeli Telenovela Channels
SPT signed a deal with Dori Media Group to acquire a 50 percent stake in Dori's VIVA networks in Israel
Sony Pictures Television (SPT) Networks have signed a deal with Israeli firm Dori Media Group (DMG) to take a 50 percent stake in Dori's Viva and Viva Plus networks in Israel.
SPT will also acquire half of Dori's free video on demand service Viva Walla in Israel and 50 percent of the company's Baby TV operations in Indonesia. The deals, which mark SPT's first ventures into Israel or Indonesia, are subject to regulatory approval.
As part of the same deal, SPT Networks will also take a 50 percent stake in Dori Media’s electronic program guide operations and a 50 percent share in DMG's majority holding in Dori Media Ot, which provides technical services including dubbing, subtitling and closed captions.
Financial details weren't disclosed.
The deal is the second major acquisition by SPT this year, following an agreement this summer to take over U.K. television networks group CSC Media, adding 16 channels in the kids, music and general entertainment space to Sony's European portfolio
Viva and Viva Plus, which run telenovela programming, are both popular cable channels in Israel. Viva Walla offers similar programming on demand over the Walla.co.il website.
Baby TV is Indonesia's first-ever channel targetting toddlers ages three and younger. It airs commercial free 24/7 on the region's leading pay-TV platform Indovision.