Aussie’s Seven, Disney ink minimum guarantee deal

Australia’s Seven Network has finalized a new minimum guarantee deal with the Walt Disney Co. and its subsids.

Unlike the prior five-year output deal Seven had with Disney, network programming director Glen Kinging said Seven isn’t obliged to take all product; thus, it can no longer be called an output deal.

Arrangement is also underwritten in Australian dollars to hedge against the weak Aussie dollar, a practice in place for the last two years, although it couldn’t be applied to most existing arrangements until they were due for renewal.

Local currency

With the Disney deal, and recent renewals of deals between Lorimar and Seven, and Columbia and Warner Bros. with the Nine Network, all major programming sales arrangements to Australia have now reverted to local currency.

Kinging said the link with Disney is a multiyear deal worth “many millions of dollars.” He preferred not to comment on the per-hour price negotiated, other than to say it’s in “keeping with other studio arrangements.”

He added all of Seven’s new supply arrangements have the option not to take up all titles. Disney is the last one to be finalized for the web.

Fall season

Deal begins from September with the onset of the 1993-94 network season in the U.S. It applies to all TV programs and features produced and/or distributed by the Walt Disney Company and its subsidiaries.

Telecast rights also apply to the Prime Network, Seven’s regional affiliate.

Some of the features the deal will yield include “Sister Act,””Father of the Bride” and “The Hand That Rocks the Cradle.”

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety