Barnett sells South Pacific Pictures stake

WILLIAM MACE
Last updated 17:29 09/04/2013

Relevant offers

Industries

Australia's dairy farmers call for labelling crackdown on the word 'milk' Sky Television apologises after cutting off Oscars mid-stream Takata admits fraud in air bag scandal that has killed at least 16 'Hell of a great guy' dies after being crushed by bundle of steel Death follows birth and passports online as NZ's digital transformation continues Alleged ponzi fraudster's beauty business seeks buyer Wellington high-rise tenants warned of spontaneously breaking windows Mad Butcher faces challenges but owner Veritas still profits Advert or honest opinion? Australia cracks down on social media influencers Real estate agent cleared of telling porkies about plumbing

South Pacific Pictures chief executive John Barnett has sold his stake in the production company to its United Kingdom-based majority shareholder All3Media.

Documents filed with the Companies Office show Barnett's stake, held by Endeavour Entertainment Limited, was transferred to All3Media on April 5.

South Pacific Pictures produces local shows such as Shortland Street, Go Girls and Nothing Trivial as well as films like Whale Rider and Sione's Wedding.

There was no sale price mentioned for the 1.8 million shares, which had been held by companies ultimately owned by Barnett and Alastair Lawrence.

Barnett could not be reached as he is currently attending a trade show in France.

Barnett led a management buy-out of South Pacific from Television New Zealand ownership in 1998.

All3Media - one of Britain's largest production companies - bought into the company in 2005.

South Pacific Pictures follows fellow Kiwi production companies Screentime and EyeWorks Touchdown, the latter formerly owned by local interests including Julie Christie, into foreign ownership.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content