Dori Sells Stake in Argentine Studios

BUENOS AIRES: Dori Media Group is selling off its 50-percent interest in the Argentine production facility Dori Media Central Studios to its partner in the venture for $850,000.

Dori Media is selling the stake to Celina Amadeo, who owns the remaining 50-percent interest, and Marcelo Octavio Amadeo. Pending approval by Argentina’s Labor Ministry,  the deal is expected to close next month. Dori became a partner in the company, then known as Central Park Productions, in late 2007. The company says its new show Ciega a Citas (Date Blind) will continue to be filmed at the studio until mid-2010.

Nadav Palti, the president and 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 two new productions to be produced by Dori Media Contenidos S.A., the Argentinean production arm of DMI.”