In the Press

Dow Jones - Dori Media Group Pretax Pft +83% To $4.3M Vs $2.4M - August 21th, 2008

LONDON (Dow Jones)--Dori Media Group, an international media company, said Thursday that for the six months ended June 30, it saw pretax profit up 83% to $4.3 million (2007: $2.4 million).

The outlook for 2008 continues to be positive, particularly given the success of "LaLola" and DMG's movie and entertainment channels on "HOT" which is expected to generate revenues of between $52.5 million and $67.5 million over three years, between $20 million to $22.5 million is expected in 2008; In-line with the expansion of DMG's business and the diversification of the group's revenues, DMG is about to launch a series of new media projects that are likely to contribute to the group's long-term earnings.

Among these projects is a new commercial website that will contain on-line telenovela shows such as "Amanda O!" which will be the first worldwide telenovela specially produced for the iternet and cellular to be broadcasted daily on the internet;

Dori Media will also be presenting a series of new TV and New Media productions which will be presented for the first time at MIPCOM in October.

The group expects its new shows, which include "La Maga" (a co-production with Illusion Studios from Argentina and Nickelodeon), "Amanda O!" and "Cupid", to be successful and they will further contribute to Dori Media's revenues for 2008;

A Future strategic cooperation with Televisa, which will further expand the Group's operations in Asia and Africa is also expected to contribute positively to DMG's earnings for the full year of 2008;

During the course of 2008, DMG intends to place the video gaming channel Ginx TV in additional territories in Asia and Latin America which will also contribute positively to Group earnings in the long-term.

The adding of Ginx TV will increase the number of TV channels DMG is running and operating from 13 to 14 and by the end of 2008 DMG expects to run and operate 15 TV channels. [ 21-08-08 0753GMT ]

Edited Press Release

Chief Executive Officer, Nadav Palti said that efforts taken during 2007 to demonstrate the Company's commitment to growing international sales and becoming a key player in Latin America and the U.S. are already reaping benefits.

During the first six months of 2008 leading U.S. network Fox Broadcasting Company has announced that it has commissioned SPT for the production of the U.S. pilot of "Lalola". Dori Media also signed an agreement with Televisa, to sell various Dori Media titles to the Televisa Group.

DMG continues to capitalize on the growing popularity of the Telenovela genre worldwide. The global launch of 'Lalola' has been very successful following sales to 52 countries in less than 12 months.

The expansion of DMG's global activities has been further boosted by 10-year agreements with Ginx Entertainment Limited ('Ginx') and with PT MNC Sky Vision, Indonesia's Direct Broadcast Satellite (DBS) provider, to broadcast the first international video gaming TV Channel in Indonesia.

Further to this, Dori Media reinforced its local presence in Israel by extending its agreement with Israeli cable platform 'HOT' to continue to carry its two dedicated Telenovela TV channels VIVA and VIVA Platina.

The Company continues to pursue its global expansion following the consolidation of Dori Media Darset as a subsidiary in 2007, as well as the acquisition of a 50% stake in Dori Media Central Studios (DMCS) (formerly Central Park Productions) in Buenos Aires and the opening of a new U.S. subsidiary in Miami called Dori Media America (DMA).

Dori Media recorded sales of $27.8 million for the first half of 2008, up 119% from $12.7 million for the same period last year.

The company recorded an operating profit of $4.6 million, up 87% year-on-year, after an increase in investments relating to the expansion of the Group and the development of more content.

The group's first half results were bolstered by the strong revenue growth coming from DMG's TV channel businesses, which generated revenue of $14 million during the first half of 2008, up strongly from $2.2 million during the same period last year, said Palti.

This increase is attributable to Dori Media Spike's arrangement with 'HOT', to run movie and general ntertainment channels on 'HOT'. The movie and entertainment channels venture with 'HOT' generated significant revenues during the first half and the agreement is well on-track to generate the $52.5 million to $67.5 million in estimated revenues for 3 years as per Dori Media's previous guidance.

Dori Media's channels in Indonesia also generated a healthy year-on-year increase in revenues. Revenues from broadcasting rights and format rights increased by 126% from $5.3 million in H1 2007 to $11.9 million in H1 2008.

Dori Media group continues to focus on international sales growth and group revenues are expected to become more diversified as new formats are launched in other countries during the course of the year.

Excluding the impact of the 'HOT' movie and general entertainment channels agreement on local revenues in Israel, international sales account for 68% of total sales in H1 2008, in-line with the 73% contribution towards total revenues recorded during the first half of 2007. There has been a marked increase in sales in new territories in Africa and Asia.

Dori Media continues to invest in new TV series and by the end of 2008 the company is expected to have a library of over 4,870 TV hours, 230 - 9 minute webisodes and 1,010 1-5 minute cellular episodes of Telenovelas and daily series.

Dori Media Group posted very strong revenues for the 6 months ended 30 June to reaffirm once again that the company is continuing to rapidly expand outside Israel and diversify its income streams through the sale of broadcasting rights, distribution and merchandising.

For the first half of 2008, DMG's Telenovela roadcasting and format rights sales were up 126% to $11.9 million, compared to $5.3 million in the same period last year. Broadcasting and format rights sales represented 43% of total revenues in the period.

Revenues from ancillary business (merchandising & publishing, music, DVDs, CDs and videos) decreased from US$5.0 million in H1 2007 to $1.4 million in H1 2008. This decrease was in-line with expectations as exhibitions containing DMG's more successful teen Telenovela ended. New exhibitions of new formats are however about to begin and include exhibitions for shows including the Portuguese version of "Rebelde Way" and "Patito Feo" in France.

Income generated from TV channels increased significantly from $2.2 million in H1 2007 to $14 million in H1 2008. The increase was mainly due to the contribution of DMG's agreement with 'HOT' and an increase in revenues from DMG's agreements in Indonesia, Palti said.

Income from Dori Media's studios of $0.29 million contributed to an increase in other income from $0.27 million during the first half of 2007 to $0.5 million for the same period of 2008.

Gross margin for the current reporting period was 47% decreasing from 72% in H1 2007 as anticipated following the award of the HOT contract with DMS. Gross profit for H1 2008 increased by 43% to $13.1 million compared with $9.2 million for H1 2007.

The cost of goods sold in H1 2008 increased to $14.6 million compared to $3.5 million in H1 2007. This increase can be mainly attributed to charges relating to the setting up of the "HOT" TV channels and expenses relating to the acquisition of content for this purpose. The content acquisitions which are presented proportionately at 33%, increased from $0.4 million in H1 2007 to $9.1 million in H1 2008. The amortization of broadcasting rights also increased from $0.9 million to $2.1 million.

Total operating expenses amounted to $8.5 million for the first half of 2008 ($6.7 million). The total selling and marketing expenses decreased from $3.4 million in H1 2007 to $2.7 million in H1 2008 mainly due to lower commissions from merchandising revenues (down from $2.0 million in H1 2007 to $0.3 million in H1 2008). Marketing activity did however increase during the first half of 2008.

Sales commissions remained stable at $0.27 million in H1 2008 ($0.27 million in H1 2007). Salaries of sales personnel and convention & exhibition expenses increased significantly from $0.9 million in H1 2007 to $1.8 million in H1 2008 mainly due to the establishment of DMA. It is important to note that this expenditure and DMG's participation in these conventions and exhibitions will lead to further revenue generation future periods.

Administration & General expenses and salaries increased from $3.3 million to $5.8 million due to the growth in the number of employees in the group to approximately 150 employees and an increase in office and general expenses. Expenses of share-based payments for the period were $0.33 million.

Professional expenses including lawyers, auditors and other consultants increased from $0.63 million in H1 2007 to $1.0 million in H1 2008 due to the expansion of the Group and an increase in business and travel expenses.

Dori Media's cash flow continues to be positive, facilitating strong cash generation and the financing of new productions and ventures.

Operating cash flow remained stable from $2.25 million Net Cash inflow in operating activities in H1 2007 to $2.20 million Net Cash inflow from operating activities in H1 2008, said Palti.


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	Press August 18th, 2010 October 24th, 2009 October 23rd, 2009 October 23rd, 2009 October 22nd, 2009 October 26th, 2009 May 13th, 2009 May 13th, 2009 March 24th, 2009 March 19th, 2009 March 9th, 2009 February 20th, 2009 February 3rd, 2009 January 22nd, 2009 February 3rd, 2009 January 26th, 2009 August 7th, 2008 August 21th, 2008 December 3rd, 2007 August 21th, 2008 July 3rd, 2008 June 29th, 2008 December 21th, 2007 May 21th, 2007 May 18th, 2007 May 18th, 2007 May 17th, 2007 February 7th, 2007 January 3rd, 2007 November 22nd, 2006 November 15th, 2006 November 14th, 2006 October 2nd, 2006 August 23rd, 2006 August 16th, 2006 August 15th, 2006 August 15th, 2006 August 15th, 2006 August 6th, 2006 August 1th, 2006 August 1th, 2006 July 9th, 2006 April 6th, 2006 June 9th, 2006 April 3rd, 2006 July 12th, 2005 July 7th, 2005	In the Press Dow Jones - Dori Media Group Pretax Pft +83% To $4.3M Vs $2.4M - August 21th, 2008 LONDON (Dow Jones)--Dori Media Group, an international media company, said Thursday that for the six months ended June 30, it saw pretax profit up 83% to $4.3 million (2007: $2.4 million). The outlook for 2008 continues to be positive, particularly given the success of "LaLola" and DMG's movie and entertainment channels on "HOT" which is expected to generate revenues of between $52.5 million and $67.5 million over three years, between $20 million to $22.5 million is expected in 2008; In-line with the expansion of DMG's business and the diversification of the group's revenues, DMG is about to launch a series of new media projects that are likely to contribute to the group's long-term earnings. Among these projects is a new commercial website that will contain on-line telenovela shows such as "Amanda O!" which will be the first worldwide telenovela specially produced for the iternet and cellular to be broadcasted daily on the internet; Dori Media will also be presenting a series of new TV and New Media productions which will be presented for the first time at MIPCOM in October. The group expects its new shows, which include "La Maga" (a co-production with Illusion Studios from Argentina and Nickelodeon), "Amanda O!" and "Cupid", to be successful and they will further contribute to Dori Media's revenues for 2008; A Future strategic cooperation with Televisa, which will further expand the Group's operations in Asia and Africa is also expected to contribute positively to DMG's earnings for the full year of 2008; During the course of 2008, DMG intends to place the video gaming channel Ginx TV in additional territories in Asia and Latin America which will also contribute positively to Group earnings in the long-term. The adding of Ginx TV will increase the number of TV channels DMG is running and operating from 13 to 14 and by the end of 2008 DMG expects to run and operate 15 TV channels. [ 21-08-08 0753GMT ] Edited Press Release Chief Executive Officer, Nadav Palti said that efforts taken during 2007 to demonstrate the Company's commitment to growing international sales and becoming a key player in Latin America and the U.S. are already reaping benefits. During the first six months of 2008 leading U.S. network Fox Broadcasting Company has announced that it has commissioned SPT for the production of the U.S. pilot of "Lalola". Dori Media also signed an agreement with Televisa, to sell various Dori Media titles to the Televisa Group. DMG continues to capitalize on the growing popularity of the Telenovela genre worldwide. The global launch of 'Lalola' has been very successful following sales to 52 countries in less than 12 months. The expansion of DMG's global activities has been further boosted by 10-year agreements with Ginx Entertainment Limited ('Ginx') and with PT MNC Sky Vision, Indonesia's Direct Broadcast Satellite (DBS) provider, to broadcast the first international video gaming TV Channel in Indonesia. Further to this, Dori Media reinforced its local presence in Israel by extending its agreement with Israeli cable platform 'HOT' to continue to carry its two dedicated Telenovela TV channels VIVA and VIVA Platina. The Company continues to pursue its global expansion following the consolidation of Dori Media Darset as a subsidiary in 2007, as well as the acquisition of a 50% stake in Dori Media Central Studios (DMCS) (formerly Central Park Productions) in Buenos Aires and the opening of a new U.S. subsidiary in Miami called Dori Media America (DMA). Dori Media recorded sales of $27.8 million for the first half of 2008, up 119% from $12.7 million for the same period last year. The company recorded an operating profit of $4.6 million, up 87% year-on-year, after an increase in investments relating to the expansion of the Group and the development of more content. The group's first half results were bolstered by the strong revenue growth coming from DMG's TV channel businesses, which generated revenue of $14 million during the first half of 2008, up strongly from $2.2 million during the same period last year, said Palti. This increase is attributable to Dori Media Spike's arrangement with 'HOT', to run movie and general ntertainment channels on 'HOT'. The movie and entertainment channels venture with 'HOT' generated significant revenues during the first half and the agreement is well on-track to generate the $52.5 million to $67.5 million in estimated revenues for 3 years as per Dori Media's previous guidance. Dori Media's channels in Indonesia also generated a healthy year-on-year increase in revenues. Revenues from broadcasting rights and format rights increased by 126% from $5.3 million in H1 2007 to $11.9 million in H1 2008. Dori Media group continues to focus on international sales growth and group revenues are expected to become more diversified as new formats are launched in other countries during the course of the year. Excluding the impact of the 'HOT' movie and general entertainment channels agreement on local revenues in Israel, international sales account for 68% of total sales in H1 2008, in-line with the 73% contribution towards total revenues recorded during the first half of 2007. There has been a marked increase in sales in new territories in Africa and Asia. Dori Media continues to invest in new TV series and by the end of 2008 the company is expected to have a library of over 4,870 TV hours, 230 - 9 minute webisodes and 1,010 1-5 minute cellular episodes of Telenovelas and daily series. Dori Media Group posted very strong revenues for the 6 months ended 30 June to reaffirm once again that the company is continuing to rapidly expand outside Israel and diversify its income streams through the sale of broadcasting rights, distribution and merchandising. For the first half of 2008, DMG's Telenovela roadcasting and format rights sales were up 126% to $11.9 million, compared to $5.3 million in the same period last year. Broadcasting and format rights sales represented 43% of total revenues in the period. Revenues from ancillary business (merchandising & publishing, music, DVDs, CDs and videos) decreased from US$5.0 million in H1 2007 to $1.4 million in H1 2008. This decrease was in-line with expectations as exhibitions containing DMG's more successful teen Telenovela ended. New exhibitions of new formats are however about to begin and include exhibitions for shows including the Portuguese version of "Rebelde Way" and "Patito Feo" in France. Income generated from TV channels increased significantly from $2.2 million in H1 2007 to $14 million in H1 2008. The increase was mainly due to the contribution of DMG's agreement with 'HOT' and an increase in revenues from DMG's agreements in Indonesia, Palti said. Income from Dori Media's studios of $0.29 million contributed to an increase in other income from $0.27 million during the first half of 2007 to $0.5 million for the same period of 2008. Gross margin for the current reporting period was 47% decreasing from 72% in H1 2007 as anticipated following the award of the HOT contract with DMS. Gross profit for H1 2008 increased by 43% to $13.1 million compared with $9.2 million for H1 2007. The cost of goods sold in H1 2008 increased to $14.6 million compared to $3.5 million in H1 2007. This increase can be mainly attributed to charges relating to the setting up of the "HOT" TV channels and expenses relating to the acquisition of content for this purpose. The content acquisitions which are presented proportionately at 33%, increased from $0.4 million in H1 2007 to $9.1 million in H1 2008. The amortization of broadcasting rights also increased from $0.9 million to $2.1 million. Total operating expenses amounted to $8.5 million for the first half of 2008 ($6.7 million). The total selling and marketing expenses decreased from $3.4 million in H1 2007 to $2.7 million in H1 2008 mainly due to lower commissions from merchandising revenues (down from $2.0 million in H1 2007 to $0.3 million in H1 2008). Marketing activity did however increase during the first half of 2008. Sales commissions remained stable at $0.27 million in H1 2008 ($0.27 million in H1 2007). Salaries of sales personnel and convention & exhibition expenses increased significantly from $0.9 million in H1 2007 to $1.8 million in H1 2008 mainly due to the establishment of DMA. It is important to note that this expenditure and DMG's participation in these conventions and exhibitions will lead to further revenue generation future periods. Administration & General expenses and salaries increased from $3.3 million to $5.8 million due to the growth in the number of employees in the group to approximately 150 employees and an increase in office and general expenses. Expenses of share-based payments for the period were $0.33 million. Professional expenses including lawyers, auditors and other consultants increased from $0.63 million in H1 2007 to $1.0 million in H1 2008 due to the expansion of the Group and an increase in business and travel expenses. Dori Media's cash flow continues to be positive, facilitating strong cash generation and the financing of new productions and ventures. Operating cash flow remained stable from $2.25 million Net Cash inflow in operating activities in H1 2007 to $2.20 million Net Cash inflow from operating activities in H1 2008, said Palti. 21 Aug 2008 © Dow Jones