Dori Media, the influential Israel-based production company, has signed a landmark deal with Sony Pictures Television.
The deal, announced Tuesday in The Hollywood Reporter, will see Sony taking a 50 percent stake in Dori’s Viva and Viva Plus networks, two Israeli cable channels which carry Spanish-language soap operas in Israel.
This is Sony Pictures’ first-ever venture into the Israeli television market.
Dori Media, which is run by Israeli-Argentinian businessman Yair Dori, gained a foothold in the television market by exporting Argentinian telenovellas to Israeli television. The company maintains joint headquarters in Tel Aviv and Buenos Aires and is also one of the major players in the Israeli format-export business, in which concepts for television programs are sold from Israel to networks around the world.
The same deal will also see Sony acquire half of Viva Walla, Dori’s Israeli video-on-demand service, as well as 50 percent of their Indonesian offering Baby TV, according to The Hollywood Reporter.
The Times of Israel covers one of the most complicated, and contentious, parts of the world. Determined to keep readers fully informed and enable them to form and flesh out their own opinions, The Times of Israel has gradually established itself as the leading source of independent and fair-minded journalism on Israel, the region and the Jewish world.
We've achieved this by investing ever-greater resources in our journalism while keeping all of the content on our site free.
Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining The Times of Israel Community. Join now and for as little as $6 a month you can both help ensure our ongoing investment in quality journalism, and enjoy special status and benefits as a Times of Israel Community member.