Dori Media Revenues Up on Novela Sales

TEL AVIV: Group revenues rose 4 percent to $26.3 million at Dori Media Group, driven by a 54-percent increase in revenues from the sale of telenovelas and formats to $9.1 million.

The company also reported a 10-percent increase in revenues from its TV channels (excluding those it programs for HOT in Israel) to $3.8 million. Overall TV channel revenues were $16.7 million.

“While we are seeing clear indications of an improvement in market activity, the operating climate remains challenging with many program buyers continuing to exercise caution," said Nadav Palti, the president and CEO of Dori Media Group. "Keeping this in mind, we are happy to be reporting a solid set of results. Our diverse library continues to sell very well to markets all over the world. Our investments in Dori New Media through projects such as Novebox.com, which we plan to develop into the leading online VOD library for Latin content, and in successful cross platform series such as Amanda O, Split and uMan, are all paying off. We believe that this segment has enormous potential and the strengthening of our new media platforms, supported by Dori Media’s very large library, will enable us to capture this growth."

He continued, "Our flexible, diverse and innovative business puts Dori Media in a strong position to capture growth both in the developed and developing markets. In spite of the many exciting developments we are working on, tight cost controls continue to help our bottom line, our balance sheet is in good shape and we remain focused on generating maximum returns to all our shareholders.”