Pubcaster TVNZ has canned development of what was to have been a flagship soap, “The Point,” after producers said the $7.7 million a year budget was too small.Sudser about an Auckland harborside neighborhood “where mansions mix with weatherboard homes” had been planned for 5:30 weekdays to boost the ailing 6 p.m. “One News” bulletin on Television One. It was funded by taxpayer coin with $23.2 million committed over three years including around $7.2 million from a direct state grant for TVNZ to meet cultural obligations. Pullout was announced Friday by TVNZ head of Television Jeff Latch and Jane Wrightson, the newly appointed CEO of state funder NZ On Air, after producers tendering for the project complained the budget was too low.
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