TV & Radio
Long-running soap Home and Away will move to TV2 as TVNZ has snapped the broadcast rights from TV3, whose owner MediaWorks NZ Limited is currently in receivership.
TVNZ's head of TV One and TV2 Jeff Latch said they were delighted to welcome the show back to TV2.
"Loyal fans can be reassured that we'll give Home and Away a great weeknight timeslot, with catch-up episodes planned for the weekend. And with TVNZ Ondemand, Home and Away fans will enjoy an even greater range of viewing choices for getting their Summer Bay fix."
TVNZ's general manager of acquisitions, production and commissioning Andrew Shaw said the show will be a great addition to the network's existing range of soaps.
"With this deal, TVNZ now offers viewers the best of much-loved Kiwi, Aussie and British soaps, with Home and Away joining Shortland Street and Neighbours on TV2 and Coronation Street on TV ONE."
TVNZ will release schedule details for Home and Away in the near future.
MediaWorks said it was disappointed the distributor of Home and Away had chosen to cancel its contract and grant the show's license to TVNZ.
''It is regrettable that TVNZ has convinced the distributor to cancel our agreement. However, this business is much bigger than one show.''
Home and Away has consistently won high ratings for TV3 and delivered audiences to 3 News. TV3's current license for Home and Away has been in place since 2002.
MediaWorks would continue to produce and broadcast great television for its viewers, and was now focusing on providing a top quality alternative to Home & Away for the local audience.
MediaWorks was placed in receivership on June 17 with debts of $700 million. The business is set to be sold as a going concern to a consortium of its lenders.
Home and Away is a Seven Network Production and distributed in New Zealand by Endemol.