Coco television Productions is to be voluntarily wound up and a surplus of funds distributed among shareholders.
Fear not though as the company behind such major hits as First dates Ireland and Room to Improve will still be operating under the name of Coco Content, a different vehicle established in 2017.
Coco TV was had a num,ber of very successful years and will distribute a little over €2 Million among shareholders Stuart Switzer, Linda Cullen and Paul Higgins, according to a report in the Sunday Times.
The shareholder base within the new Coco Content is believed to be wider and the reason for the switch is to give more weight not only to domestic production but also for an assault on international markets.
The demand for reality TV has never been stronger and the formats devised by Switzer and his team have been real winners here.
Room to Improve would have taken up many of the spots in a full list of the most watched individual programmes of 2018 and the new restructuring of the business is a positive sign of more to come from the company over the coming years.
Watch out for Entertainment for Business interviews coming up with some of those from the arts and business on how they work together to mutual benefit.
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