Live Post
Infosys MD & CEO Vishal Sikka resigns, Pravin Rao interim chief
Rescue Hyderabad minor from Omani sheikh: Maneka Gandhi to Sushma Swaraj
After SBI, now HDFC Bank and Yes Bank cut interest rate on savings
Election Commissioner speaks out: 'Winning at all cost, without ethics, is new normal in politics'
Karti Chidambaram says will appear before CBI on August 23, seeks protection
USS Fitzgerald captain during collision that killed 7 to lose command

SPT Networks to acquire stake in Dori Media channels in Israel, Indonesia

MUMBAI: Sony Pictures Television (SPT) Networks and Dori Media Group (DMG) have entered into an agreement whereby SPT Networks will acquire a 50 per cent stake in the Viva and Viva Plus channels as well as the Viva Walla online free video-on-demand (FVOD) service in Israel. This is in addition to a 50 per cent stake in DMG’s Baby TV operations in Indonesia.

Completion of the transaction is subject to certain closing conditions including Israeli regulatory approvals.

SPT’s worldwide networks president Andy Kaplan said, “This acquisition builds on our strategy to capitalise on channels opportunities around the world, which includes entering new markets. We’ve had a great experience working with the DMG team and are happy to be expanding our relationship.”

DMG president, CEO Nadav Palti commented, “SPT Networks’ decision to expand our working relationship in Indonesia, and in Israel for the first time, reflects the strength of our position in two excellent markets. We are excited to be working more closely with them and are confident these ventures will flourish.”

The Viva-branded telenovela channels, Viva and Viva Plus, are carried by all Israeli multi-channel platforms. The co-branded online FVOD service Viva Walla, which offers telenovelas through, continues to attract high viewership.

Baby TV is Indonesia’s first channel for toddlers ages three years and younger. It broadcasts 24 hours a day and is commercial free on leading pay TV platform Indovision, as well as on subscription service Top TV. The channel features programming that introduces babies to the natural world, assisting with the development of primary skills by inspiring delight and curiosity.

As part of the transaction, SPT Networks will also acquire a 50 per cent stake in Dori Media’s Electronic Program Guide operations and a 50 per cent stake in DMG’s majority holding in Dori Media Ot, which provides technical services including dubbing, subtitling and closed captions.