Dori Media Group to Sell Stake in Argentinean T.V. Studios
DORI MEDIA GROUP
DORI MEDIA GROUP TO SELL STAKE IN
ARGENTINEAN T.V. STUDIOS
Dori Media Group, (“DMG” or “the Company”), the international media
company active in the field of television, with focus in production,
distribution, marketing and broadcasting of telenovelas, announces the
sale of its 50% stake in Dori Media Central Studios (“DMCS”), its TV
production studios in Argentina for US$850,000 to Mrs. Celina Amadeo,
the owner of the remaining 50% of DMCS and to Mr. Marcelo Octavio
Amadeo. The sale has been agreed between the parties and is now subject
to approval by the Labor Ministry of Argentina, which is expected in
February 2010.
DMCS, formerly known as Central Park Productions S.A., was established
in its current structure on October 26th, 2007 when Dori Media
International GmbH (“DMI”), a wholly own subsidiary of DMG, became an
equal partner in the Studios with Mrs. Celina Amadeo.
Following a divergence of interests and looking for new ventures in
Latin America and specifically in Argentina, Dori Media Group decided to
sell its 50% stake to Mrs. Celina Amadeo. However, this will not affect
DMG’s production plans in Latin America and in Argentina. ‘Ciega a
Citas’ (Date Blind), Dori Media’s leading series co-produced with
ROSSTOC S.A., will continue to be filmed at the studios until mid 2010.
Nadav Palti, President & CEO of Dori Media Group commented: "Buying a
stake in Dori Media Central Studios was part of a larger strategy, and
this strategy hasn't changed. Dori Media Group is now examining new
opportunities and ways to invest in new ventures in Latin America. In
addition, the group will continue its traditional productions in
Argentina, producing high quality titles, with international appeal, and
sell them worldwide such as the current successful production of ‘Ciega
a Citas’. Production plans of DMG in Argentina for 2010 are already
taking place and in fact we have plans for at least 2 new productions to
be produced by Dori Media Contenidos S.A., the Argentinean production
arm of DMI.”
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For further information on Dori Media Group, please visit our website on www.dorimedia.com
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Dori Media Group Ltd.
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Shared Value Limited
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Nadav Palti, CEO & President
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NicolasDuperrier/Mark Walter
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Tel: +972 3 7684000
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Investor & Media relations
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[email protected]
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Tel. +44 (0) 20 7321 5010
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[email protected]
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Daniel Stewart & Company
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Paul Shackleton/Oliver Rigby
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Tel. +44 (0) 20 7776 6550
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Dori Media Group is an international media group that produces,
distributes and broadcasts telenovelas. The group owns approximately
4,500 television hours that it sells to a wide variety of audiences in
more than 70 countries. In Israel, Dori Media is the owner of Dori Media
Paran and Dori Media Darset, which produce daily series and telenovelas
for the Israeli market. It also owns and operates two telenovela
channels, Viva and Viva Platinum. In the Israeli market, Dori Media also
packages, produces and operates all of the movie and series channels on
HOT cable television. In Indonesia, the company operates the Televiva
Vision 2 channel that is devoted to telenovelas, GINX the video gaming
channel and Baby TV Vision 3 for toddlers. Dori Media is also the owner
and the operator of the Latin series website www.Novebox.com
. The Dori Media Group in controlled by Mapal Communications Ltd. one of
the largest media companies in the Israel. The group is traded on the
London Stock Exchange where its symbol is DMG.
For more information on Dori Media, visit our corporate website at http://www.dorimedia.com/.
