Barnett sells South Pacific Pictures stake

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

Relevant offers

Industries

Fresh attack on dolphin deaths based on falsehood, says Seafood NZ Big banks could ditch exposure to coal projects in five years Almost 10,000 vacant properties in Queenstown Lack of infrastructure holds up new Queenstown homes - developer NZ a land of opportunity for entrepreneur Marian Makkar Jobs secured after Ericsson sells Porirua factory for $5.5m $1 Lamborghini auction from Trade Me rival, but there's a catch Callaghan Innovation boss Mary Quin joins Westpac board Good TV aims to fill gap for online entertainment parents can trust Countdown brings in click and collect at all its supermarkets

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