Seven, Global team

World Brief

Seven Network has inked a 50-50 joint venture with Oz’s largest production services company, Global Television, for a TV production facility.

The new Coventry Street Properties in Melbourne will provide production facilities to Seven and others in the industry. Joint venture uses the current studio facility located near the city center.

Companies say the deal, effective July 1, will allow Seven to share the cost of production infrastructure and reduce its costs by using the Melbourne studios more frequently.

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