Pinewood Studios annual report reiterates need for expansion
Pinewood Studios has reiterated the need for expansion in its annual report. The Pinewood Studios Development Framework plan was refused planning permission by local authorities a few weeks ago and a Public Inquiry has been scheduled for mid-November 2013.
The report also summarises Pinewood’s key recent developments, including the studio’s joint venture agreement to form Pinewood Atlanta LLC in Georgia, and an agreement to explore opportunities in China through a deal with Seven Stars Media Limited.
“2012/13 saw another year of strong growth in a globally competitive market,” said Pinewood’s Chief Executive Ivan Dunleavy: “The trend for rising demand for the studio’s facilities, especially in film, has continued.
“The company has made a positive start to the new financial year. Since 1 April 2013, the company has been experiencing high levels of utilisation in television, playing host to a number of productions and several film productions have contracted stages.”
The trend for rising demand for the studio’s facilities, especially in film, has continued.
Ivan Dunleavy, Pinewood Studios
Television production in the UK could increase now that the government has launched a TV tax credit, making the need for more studio space more pertinent. The British Film Commission recently organised a familiarisation tour which involved giving eight US studio executives a tour of production facilities across the UK.
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