Shorty St studio sold in $1 billion deal

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South Pacific Pictures and its parent company, UK- based All3Media, have been bought by Discovery Communications and Liberty Global in deal worth £550 million (NZ$1.1 billion), according to a report today in National Business Review.

Big Cannes prize goes Thursday

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The radio industry holds its annual celebration of creativity, the Grande ORCAs, at the Nathan Club in Galway St, Auckland, on Thursday (May 15). The prize is a trip for two to the Cannes Lions.

Agency giants drop merger plan

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Omnicom Group and Publicis Groupe have announced their US $35 billion global merger will not proceed because of “difficulties in completing the transaction within a reasonable time frame”.