Dori Media generated more income from its TV channels and less from its TV programming operations in 2009. The UK-listed producer, distributor and channel operator saw overall 2009 revenues decline 3%, taking the total to US$48.7m (36m). A 2009 pre-tax profit of US$1 million compares with a profit of US$5.8m a year earlier.
Revenue from programme sales slipped to US$13.1m in 2009 from US$18.4m in 2008. However, revenue from DoriÂs owned and operated TV channels increased 16%, taking the total to US$34.4m compared with US$29.7m in 2008.
Looking ahead, Dori said the economic outlook for 2010 is Âimproved but remains fairly uncertainÂ. ÂThe Board expects DMG to remain profitable and soundly funded during 2010,Â the company said.
ÂContinued caution by programme buyers in an uncertain economic climate meant that contract negotiations tended to be much more prolonged than they normally would have been,Â said Dori Media CEO NadavÂ Palti. ÂWe expect to book some revenue during the first half of 2010 for deals we were expecting to close in 2009.Â
Separately, Dori said it has agreed a deal with Turkish web TV operator TTNET for carriage of its video gaming channel Ginx.
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