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Cloudstreet denied funding

Showtime AustraliaThe $10 million TV adaptation of Tim Winton’s novel Cloudstreet has been denied funding by Screen Australia, caught in a dispute over the level of licence fees paid by pay-TV channels to Australian drama projects.

The board of the federal funding and development agency last week told pay-TV network Showtime it would need to reassess its financing structure to get any funding.

The dismissal of the project is an embarrassment for the pay-TV network, Showtime, jointly owned by four of the world’s major film studios — NBC Universal, Paramount Pictures, Sony Pictures and 20th Century Fox.

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