BLOCKBUSTERS GIVE A BOOST TO PINEWOOD
THE Star Wars and James Bond blockbusters have helped Pinewood Studios record a rise in profits and an increased demand for the use of its site.
The world famous studios, in Iver Heath, released its operating profits for the six months up to the end of September, and has seen a rise from £2.5m to £7m in that time.
The site has been used for the filming of Spectre, the latest instalment in the James Bond franchise, as well as Star Wars Episode VII: The Force Awakens, which is due for release later this month and is tipped to be the biggest grossing film of all time.
Work has also been taking place on the expansion of the studios, which bosses say will allow it to take on even bigger projects in the future, as well as making it more attractive to film makers.
Spectre, which stars Daniel Craig in his fourth film as 007, recorded the biggest ever opening week in the UK (£40m), breaking the record set by Harry Potter and the Prisoner of Azkaban.
Pinewood’s chief executive Ivan Dunleavy, said: “The first six months of the year have maintained the positive momentum reported in our full year results in June 2015.
“Productions based at the studios during the period include the year’s biggest films Spectre and Star Wars Episode VII: The Force Awakens.
“The construction of the Pinewood expansion, designed to meet strong demand, is on schedule for completion in June 2016 and is within budget.
“Having taken full ownership of Shepperton Studios in the previous financial year, 100 per cent of these earnings now accrue to the company and we are able to review the existing masterplan for development of this facility.
“The positive results reported today have continued into the second half of the year and into 2016.”
Blockbuster: Daniel Craig as James Bond in Spectre