Sony Buys Half of Indonesian Telenovela Channel Televiva

Televiva airs Latin American telenovelas, such as Argentine hit "La Lola" dubbed into Indonesian.

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.

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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.