Movie Network to shut down before end of 2012

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CNET Editor

Nic Healey can usually be found on a couch muttering about aspect ratios and 7.1 channel sound - which is helpful given that he's the home entertainment guy at CNET.

Pay TV movie-supplier Movie Network will shut up shop, with all staff being let go by the end of the year.

(Credit: Movie Network)

Sources within Movie Network have told The Australian that the announcement was made today and that all 42 staff are now looking for jobs. The Movie Network had previously been responsible for negotiating supply deals for Warner Bros, Disney, MGM and Village Roadshow studios.

It is believed that the move comes after Foxtel chose not to renegotiate contracts with any of its movie suppliers.

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