FOR IMMEDIATE RELEASE
Sony Pictures Television Networks To Acquire 50% Of Indonesian Telenovela Channel Televiva From Dori Media Group
CULVER CITY, CA and ZURICH, SWITZERLAND (April 23, 2013) - Sony Pictures Television (SPT) Networks and Dori Media Group (DMG) announced today that they have entered into an agreement for SPT Networks to acquire 50% of Televiva, DMG's telenovela channel in Indonesia.
Televiva, which offers viewers top quality first-run telenovelas dubbed into Bahasa Indonesia, is carried exclusively by Indovision, the nation's largest pay TV provider. The channel is popular among women ages 15 and over and boasts high viewership loyalty for its programming.
Andy Kaplan, president, worldwide networks for Sony Pictures Television, said: "The joint-venture agreement demonstrates our continued commitment to the Indonesian pay TV marketplace. Televiva complements our bouquet of channels and we look forward to working closely with DMG for continued success."
SPT Networks has a considerable presence in Asia, including Indonesia, where five of its channels - AXN, Sony Entertainment Television, beTV, One and Animax - are offered across pay TV platforms. The pay TV market in Indonesia, which boasted a 6.6% penetration in 2012, is expected to grow from 2.4 million to 5.5 million TV households by 2016.
Nadav Palti, president and CEO of DMG, commented: "We are very excited and appreciative that SPT Networks has chosen to partner with us in Indonesia, which has become a major market in Southeast Asia. We have developed a successful business over a number of years, but we are certain that SPT Networks' involvement will contribute to our operations in Indonesia, as well as venture to other regions."
ABOUT DORI MEDIA GROUP
Dori Media Group (http://www.dorimedia.com) is an international group of companies involved in all aspects of TV and new media. The group produces and distributes TV and new media content, broadcasts various TV channels and operates video-content internet sites. The group owns approximately 5,500 TV hours of telenovelas and daily series which it sells to a wide variety of audiences in more than 100 countries. It also owns and distributes a rich catalogue of non-scripted formats. Dori New Media develops and produces formats especially tailored for the internet and cellular platforms, and exploits new opportunities enabled by these new technologies.
Contact:
Michael Maney
Director, Communications
michael_maney@spe.sony.com
310-244-8834
