MediaWorks NZ Limited (In receivership) announcement

MediaWorks NZ Limited (In receivership) said today that it was disappointed that the distributor of Home & Away had chosen to cancel its agreement and grant the licence to TVNZ.

KordaMentha partner and receiver, Brendon Gibson said that while the management team was disappointed at the loss of the programme, MediaWorks would continue to produce and broadcast great television for its viewers.

“It is regrettable that TVNZ has convinced the distributor to cancel our agreement.  However, this business is much bigger than one show. TV3 continues to lead the way with producing excellent local content, broadcasting popular international programming and has the best news and current affairs in the country.

“The MediaWorks management team is now focused on providing a top quality alternative to Home & Away that our loyal audience will enjoy just as much,” Mr Gibson said.