Target seeks defense against creditors

LONDON -- U.K. TV distributor Target Entertainment went into administration, the U.K. version of Chapter 11, 18 several days after being acquired by Metrodome for $1.2 million. Metrodome mentioned there's little prospect of Target returning to profitability. BDO remains hired as managers. The distrib signifies around 4,000 several hours of scripted, factual and kids' shows, including "Fifi as well as the Flowertots," the "Popstars" formats and reality show "Most Haunted." Metrodome launched an earnings warning in December and mentioned that focus on happen to be hit by "harder than expected purchasing and selling conditions" inside the final quarter of 2011 due to Europe's economic problems. "Quite a few clients commonly are not buying products whatsoever or stalling options on any new purchases, which has introduced with a worse than expected financial performance," Metrodome professional chairmain Mark Webster mentioned in those days. Contact the number newsroom at news@variety.com