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Pinewood Shepperton studios to help fund UK films

March 8th, 2011

Pinewood Shepperton, the film and television studios group, has said it will invest millions of pounds in British films.

The firm, which unveiled a 31% rise in pre-tax profits to £5.8m, said it was looking to the future with “confidence” despite a poor economic climate.

In 2010, Pinewood’s facilities were used for the latest Pirates of the Caribbean and Harry Potter films.

But the firm has unveiled an investment plan for small-budget British films.

The company will target films with production budgets of about £2m each and will invest equity up to 20% per film.

Chief executive Ivan Dunleavy said: “Although our financial commitment to each film will be relatively small, we can, in addition, offer British films access to the world class facilities and production expertise at Pinewood and Shepperton studios which would normally be beyond their budget.”

Pinewood also intends new investment in its facilities.

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Posted in: UK - Film news, WizzyLeaks