This statement is to clarify local New Zealand media reports of the All3Media group sale.
South Pacific Pictures Limited is part of the All3Media group of companies which has just been acquired by Discovery Communications and Liberty Global.
The All3Media group comprises almost 20 companies including major international players such as Studio Lambert (US producers ofWife Swap, Undercover Boss and Secret Millionaire), Bentley Productions (UK producers of international hit Midsomer Murders), Lime Pictures (UK producers of Hollyoaks and The Only Way is Essex), Company Pictures (producers of Shameless and Skins), Optomen (producers of Ramsay’s Kitchen Nightmares) and other independent production companies operating in the United Kingdom, the United States of America, Germany and the Netherlands.
The new ownership will provide new opportunities for all the companies in the group, including South Pacific Pictures.
The widely reported group sale price was £550m ($NZ1.08b). This was for the entire group, and not just South Pacific Pictures as many local headlines have inferred.