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22/08/2007

Zodiak Acquire 75% Of YS Films

The Zodiak Television Group has announced the acquisition of 75% of YS Films - the second largest production company in Ukraine - by their Russian subsidiary Dixi Media. This acquisition is the first step in a further expansion into former Soviet Union states.
YS Films, with facilities in Kiev and Odessa, has a background as a producer of TV-movies. Following this acquisition, YS Films will start producing television series for broadcasters in Ukraine. The Ukrainian TV market, traditionally supplied by entertainment and drama originating from Russia, is currently experiencing rapid growth, and the demand for original, locally produced programming has increased dramatically.
YS Films has recently gone into production on a number of TV series including the docudrama Faktor, the daily drama series 13 and a daily entertainment series. Furthermore, YS Films will produce two TV movies during the year, 'Single Angel' and 'Light from the Other Side'.
Zodiak owns 51% in the two groups of production companies TeleAlliance, with the brands TeleFormat and TeleRoman, and Dixi Media, with the brands Dixi and Rytm, through Zodiak Vostok, a 100% owned subsidiary to Zodiak Television.
(DS)
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