By 3 News online staff
TV3 has confirmed it has lost the broadcast rights to much-loved Australian soap Home and Away in New Zealand.
MediaWorks NZ Limited, TV3's owner that is currently in receivership, says it is disappointed that the distributor of Home and Away has chosen to cancel its agreement and grant the show's license to TVNZ.
"It is regrettable that TVNZ has convinced the distributor to cancel our agreement," says KordaMentha partner and receiver, Brendon Gibson.
"However, this business is much bigger than one show. TV3 continues to lead the way with producing excellent local content, broadcasting popular international programming and has the best news and current affairs in the country.
"The MediaWorks management team is now focused on providing a top quality alternative to Home and Away that our loyal audience will enjoy just as much."
Home and Away has consistently won high ratings for TV3 and delivered audiences to 3 News.
Episodes of Home and Away are currently available to watch on-demand at TV3.co.nz.