Movies

Dori Media sells 50 per cent stake of Argentine Studios

MUMBAI: Dori Media Group is to sell off its 50 per cent interest in the Argentine production facility Dori Media Central Studios to its partner in the venture to Celina Amadeo and Marcelo Octavio Amadeo for $850,000.


Pending approval by Argentina‘s Labour Ministry, the deal is expected to close next month.


In late 2007, Dori became a partner in the company, then known as Central Park Productions. The company says its new show Ciega a Citas (Date Blind) will continue to be filmed at the studio until mid-2010.


Dori Media Group president and CEO Nadav Palti said, "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."

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