Dori Media Group Acquires Majority Stake in Paran Productions

TEL AVIV, November 26:
Dori Media Group (DMG) has purchased a 75-percent stake in Paran Productions
for $1.6 million and 75,000 DMG share options.

Paran Productions owns a
50-percent stake in Darset Productions, Israel’s largest producer of locally
originated telenovelas, with DMG owning the remaining 50 percent. Therefore
following the acquisition, DMG’s stake in Darset Productions will increase to
87.5 percent.

Paran Productions will
continue to produce short dramas, films and

documentaries for the
local Israeli and international markets and Darset will continue to produce
locally and internationally generated dramas, telenovelas and daily dramas.
Daniel Paran will continue in his roles as CEO of both Paran Productions and
Darset.

Nadav Palti, the president
and CEO of Dori Media Group, commented: “This acquisition further strengthens
DMG's leadership of the telenovela market both in Israel and around the globe.
The deal also further improves our overall production abilities and broadens
our exposure to other forms of TV programming. We are delighted to benefit from
Daniel Paran’s continued involvement in these businesses through his role as
CEO of both units.”

Daniel Paran, the CEO of
Paran Productions and Darset Productions, added: “We are very happy at having
the opportunity to further strengthen our ties with Dori Media Group and look
forward to benefit from the synergies that will drive further growth for Paran
Productions, for Darset and for Dori Media as a group.”

—By Anna Carugati