I was going to raise the possibility yesterday of TV3 producing their own soap to fill the gap left by Emmerdale and Corrie, but then thought that was a stupid idea they could never afford.
Seems though the idea was already on the table for a twice weekly soap with 16 expressions of interests already received. Wouldn't be too surprised to see that bumped up to more, or maybe two commissioned instead, in the wake of the departure of Corrie and Emmerdale.
Yes, I was aware of this development. But the fact is the success of ITV content may have well been subsidising home produced content. So they might have even less money to spend on it now.
Their expenditure on programming will have dropped as a result of this and no matter what spin they put on it, advertising revenues will too.