Pinewood Shepperton Sees 35% Spike in Revenue

LONDON – Production facilities company Pinewood Shepperton, which is Europe’s largest provider of stage plus studio space, has reported a 35% spike in revenue for your six months that ended Sept. 30.

The company generated revenue totaling £36. 6 million ($59. 1 million), compared with £27. 1 million ($43. 8 million) for the similar period last year.

Income after tax was £3. 4 million ($5. 49 million) for your half year compared with £2 million ($3. 23 million) last year.

Key developments during the time period included the completion of Q Stage, a 45, 000-sq-ft studio facility, the opening of Pinewood Indomina Studios in the Dominican Republic, and the start of construction on Pinewood Atlanta Studios. The company also inked a joint-venture pact with Seven Stars Media in China, plus provided film finance to four British independent film projects.

The largest film creation based at Pinewood Studios during the period was Disney’s “Cinderella, ” and the largest at Shepperton Companies was Marvel’s “Guardians of the Universe. ” Other productions to use the company’s facilities included “Into the Woods” (Disney), “Exodus” (Fox), plus “ExMachina” (DNA Films).

Pics set to shoot at the studios in the next six months include “Star Wars” and “The Avengers: Associated with Ultron. ”

Ivan Dunleavy, chief executive, said: “We are very pleased with the overall earnings during the period which reflects a strong overall performance from media services, complemented simply by our strategic entry into media investment.

“The U. K., and Pinewood Shepperton in particular, continue to be in great demand from international content producers. Nevertheless , in order to continue growing the Oughout. K. ’s market share, we will require more studios and related facilities. ”

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