More NewsPinewood Studios triples profits

Pinewood Studios triples profits

The UK’s Pinewood Shepperton studios enjoyed an after-tax profit of GBP 5.4m, up from GBP 1.8m the previous year.

The UK’s Pinewood Shepperton Studios enjoyed an after-tax profit of £5.4m, up from GBP 1.8m the previous year.

A string of big-budget films such as Disney’s Cinderella and bookings by TV programmes such as Channel 4’s The Taste and BBC’s The Voice have helped fuel the studio’s success. Overall revenues grew to £64m, up 16% on the previous year. Film revenues continue to bring in the bulk of the studio’s income, at £37.4m, but TV revenues also saw significant increases, rising from £5.2m to £6.2m. Despite local outcry, the studios are also set to undergo significant expansion.

Chief Executive Ivan Dunleavy said: “The company has made an excellent start to the new financial year, enjoying good visibility for the year as a whole. Demand for the Studios’ UK facilities is at an unprecedented level.”

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