Dori Media Extends Agreements to Run General Entertainment Channels on 'HOT' and 'YES' Platforms until 2014

 
TIDMDMG 
 
 

DORI MEDIA EXTENDS AGREEMENTS TO RUN GENERAL ENTERTAINMENT CHANNELS ON 'HOT' AND 'YES' PLATFORMS UNTIL 2014

Combined with the recently announced movie channel agreement with 'HOT', these extended agreements are expected to generate total revenues of between US$59 million and US$65 million over 3 years

Tel-Aviv, Israel - January 28, 2011 - Dori Media Group Ltd. ("DMG" or the "Company"), the international media company active in the field of television and new media, with a focus on production, distribution, broadcasting and merchandising of Drama and Telenovela, announces that its subsidiary, Dori Media Spike ("DMS") has signed a three-year extension to its agreement with leading Israeli cable platform "HOT" to operate the general Entertainment Channels for another 3 years from 1 January 2011 until 2014. The latest transaction includes the sale of a new series channel to "YES", the leading DBS television provider in Israel.

The extended partnership is expected to secure revenues between US$14 million and US$17 million over 3 years for the "HOT" entertainment channels and the new series channel to YES. "HOT's" revenue contribution has decreased but combined with the sale of a new series channel to YES and the recently announced three-year extension to operate the "HOT" premium movie channels, total revenues generated by the extended "HOT" and "YES" agreements are expected to be broadly in-line with revenues generated from the deals between 2008 and 2010. The terms remain materially unchanged from the original agreements signed in 2007.

Nadav Palti, President and CEO of Dori Media Group, commented: "We are delighted to announce the continuation of our productive relationships with HOT and YES, the leading TV platforms in Israel".

For further information on Dori Media Group, please visit our website on www.dorimedia.com or contact:

 
Dori Media Group Ltd.         Shared Value Limited 
Nadav Palti, CEO & President  Mark Walter 
Tel: [phone]           Investor & Media relations 
[e-mail]            Tel. [phone] 
                              [e-mail] 
Daniel Stewart & Company 
Paul Shackleton/Oliver Rigby 
Tel. [phone] 
 
 

Dori Media Group is an international group of media companies, located in Israel, Switzerland, Argentina, The Philippines and the US. The group produces and distributes TV and New Media content, broadcasts various TV channels and operates video-content internet sites. The group owns approximately 5,130 TV hours, more than 5,000 clips of 3 minutes on average, 120 - 9 minute webisodes and around 556 1-5 minute cellular episodes of Telenovelas and daily series that it sells to a wide variety of audiences in more than 120 countries. It owns and operates two telenovela channels, Viva and Viva Platina broadcasted on all Israeli multi-channel platforms and via the co-branded internet site offering telenovelas to Israeli surfers through Walla.com. Dori Media Contenidos produces Spanish daily dramas in Latin America. Dori Media Paran and Dori Media Darset produce top-end series as well as daily dramas for the Israeli and international markets. Dori New Media develops and produces formats specially tailored for the internet and cellular platforms, and realizes new opportunities enabled by the new technologies. Dori Media Spike packages, produces and operates the main movie channels on the Israeli cable TV platform and general entertainment channels on all Israeli TV multi-channel platforms. In Indonesia and Malaysia, the company operates the Televiva Vision 2 channel that is devoted to telenovelas and Baby TV Vision 3 for toddlers, in addition to the Ginx gamers' channel. Ginx is localized and broadcasted to Turkey as well. Novebox operates an ad-based VOD and SVOD commercial internet site targeted at the Hispanic and Latin American audience offering a variety of shows and movies. 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/.