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Sony buys into Israeli channels

Sony Pictures Television agreed to buy 50% stakes in two Israeli telenovela cable TV channels from Dori Media Group, the companies said on Tuesday.

Financial details were not disclosed.

In June, Sony acquired the U.K.'s CSC Media Group.

The two channels in Israel - VIVA and VIVA Plus - show telenovelas and are highly popular.

Sony Pictures Television, a unit of Sony Entertainment , also agreed to buy 50% of the VIVA Walla online free video on demand service in Israel as well as half of Dori Media's Baby TV operations in Indonesia.