A long-simmering row has resulted in the ousting of Michael Buckley as chairman of British independent TV producer SelecTV.
The company, which owns 15% of ITV broadcaster Meridien, as well as production subsids Clement/La Fresnais, Alomo and Witzend and has a significant presence in Hollywood, has been torn apart by a feud between Buckley and managing director Allan McKeown.
McKeown, who runs SelecTV from his base in Los Angeles, is married to Tracey Ullman.
It appears that Buckley has accused McKeown of breach of fiduciary duty and using company funds without approval. A writ issued in London by SelecTV last week claims that McKeown overcharged the company for the use of his London offices and used company money to invest in a production starring his wife. According the writ, the production flopped and pushed U.S. subsid Witzend Inc. into bankruptcy.
However, in a statement yesterday, SelecTV announced that Buckley has been replaced by non-exec director Peter Laister. The move presumably will put an end to the court case against McKeown.
The law firm representing the company, Richards Butler, will review the situation. Until that review is available, company spokesmen are saying nothing. Neither Buckley nor McKeown was available for comment by press time.