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TVNZ and Producers Agree on Terms of Trade
22 December 2004
TVNZ and Producers Agree on Terms of Trade
TVNZ and the Screen Production and Development Association (SPADA) have reached an agreement on protocols for the ownership of rights to programmes paid for by Charter funding.
The protocols enable producers to retain the majority of licensing income and rights associated with programmes commissioned with Charter funding and Television New Zealand will receive extended license period and an increase in the number of showings within that license period.
TVNZ Head of Content, Stephen Smith said, “This agreement is the culmination of months of negotiations and provides a win win for all parties”.
“After lengthy negotiations we have a very positive outcome for both the independent production sector and TVNZ,” said SPADA President, Vincent Burke.
Both SPADA and TVNZ are very happy with the agreement and they are confident that it will work to the benefit of both parties. The agreement covers terms of trade, including licensing and the ownership and exploitation of rights.
ENDS
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