Israel fund to invest $55 mln in TV shows for sale abroad

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By Tova Cohen TEL AVIV (Reuters) – The TV Format Fund aims to capitalise on the recent success of Israeli television shows such as spy thriller “Homeland” in Hollywood by investing in new formats created in Israel and selling them abroad. Founded six months ago by Alon Dolev and the Rubicon Business Group, the fund plans to invest $55 million, hoping to do for Israel’s small but active entertainment sector what venture capital funds have done for its high-tech industry. In Israel, when you have an idea for a television show you have very few options for funding,” Dolev, the fund’s chief executive, told Reuters. The only outlets in Israel to fund TV shows are commercial channels 2 and 10, Bezeq’s satellite TV provider YES and cable operator HOT, owned by French group Altice.


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