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Revealed: TV3 spending €4.5MILLION on their new Corrie-killing soap Red Rock

TV3 are spending a massive €4.5million making their new soap opera Red Rock, it has emerged.

And the TV channel has been given €800,000 of the costs of producing the half-hour show by the Broadcasting Authority of Ireland.

Bosses at Ballymount are hoping that Red Rock – which stars Game of Thrones’ Jane McGrath – will help them fight back against UTV Ireland after they stole Coronation Street off them.

It has emerged that TV3 are planning for at least two years of the twice-weekly show before they decide on its future.

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New figures released by the BAI show it is the largest winner in the new round of funding – with the €800,000 going towards the 104 episodes they are planning.

BAI chiefs offered to give Element Pictures a maximum of 18% of their budget – meaning the whole show is being made with €4.5million.

Today Goss.ie told how Fair City cast members have insisted they aren’t worried about Red Rock trouncing them in the ratings.

Previously the BAI gave €600,000 to fund Deception – which TV3 had hoped would be the new Love/Hate in 2012.

They also gave €350,000 to help fund RTE2 show Damo and Ivor.

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