SYDNEY — Mark Woods, the acquisitions and investment manager for Australia’s dominant feevee movie channel Showtime, has ankled following a restructure.
Woods, formerly Daily Variety’s Australian reporter, had been with Showtime, which is owned by the Premium Movie Partnership, for almost three years.
PMP’s marketing prexy Peter Rose will assume responsibility for investing in Australian films. All feevee channels must sink 10% of their programming budget into domestic product by law.
Returns on Aussie films have been generally flat these past few years and Showtime has not escaped that malaise but it also shared in the success of “Rabbit Proof Fence,” “Crackerjack” and “Lantana.” It is an investor in the Toni Collette starrer “Japanese Story,” picked-up last week by Samuel Goldwyn Films for distribution in North America.