Neighbours cancelled? The future of the long-running Australian soap is once again in doubt after its domestic broadcaster Network Ten entered voluntary administration, RadioTimes reports:
The move comes after the company’s key shareholders pulled out of guaranteeing a proposed $250 million loan, intended to replace an existing $200 million loan, due in December, which is said to have left directors with no choice but to voluntarily appoint advisory and investment firm KordaMentha as administrators of the company and its subsidiaries.
There will now be a financial and operational assessment of the business. A statement from the network said: “The directors of Ten regret very much these circumstances have come to pass… They wish Ten all success as the administrators look to the potential sale or recapitalisation of the business.”
Neighbours‘ producer, FremantleMedia, did not immediately respond for comment on the prospect of the show’s cancellation.
Is this the end of Neighbours? Stay tuned for the latest cancel/renew updates…
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