The BBC has withdrawn from the bidding process for popular Australian soap Neighbours after being confronted with what the corporation called “an unrealistic price demand.”
The show’s distributors Freemantle were apparently seeking a deal worth £300million over 8 years to keep the show on BBC One where it has been shown for the past 21 years.
In a statement issued this lunchtime the BBC said "e;paying that sum would also have compromised our ability to invest in new original programmes."e;
The statement said the corporation was “sad” not to have been able to reach terms with Fremantle.
It’s thought ITV and Five are interested in securing the UK rights to the show.