Central Park Productions provides services for Dori Media telenovelas.
Telenovela producer and distributor Dori Media Group Ltd. (AIM:DMG) subsidiary Dori Media International GmbH has acquired 50% of Argentine television production company Central Park Productions SA for $1.1 million.
Dori Media said that Central Park Productions has $3.1 million of debt and that it has lent Central Park Productions $1.8 million to reduce its liabilities to $1.3 million. The loan can be offset against future productions filmed at Central Park Productions’ studios in Buenos Aires for Dori Media’s Argentine subsidiary Dori Media Contenidos SA.
Dori Media added that Central Park Productions is currently providing services for its in its new worldwide hit production, "LaLola" (based on the original idea of Sebastian Ortega, Underground Productions) and in the production of "Patito Feo" which is produced by Ideas del Sur from Argentina and the Mexican media giant Televisa. Dori Media owns the rights to and distributes "Patito Feo" worldwide, except to the American continent, Spain, Andorra, Italy, Greece, and Portugal.
Published by Globes [online], Israel business news - www.globes.co.il - on October 31, 2007
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