The Sunday Telegraph - Money & Business
Apple opens TV studios as tech giants chase UK space
APPLE is set to begin filming for its streaming channel in studios in Aylesbury as big technology companies look to grab land for TV and film production space across the UK.
The iphone-maker, a relative latecomer to the streaming battle, is understood to be moving into two logistics facilities at the Aston Clinton develop- ment in Buckinghamshire.
California-based production support specialist MBS was drafted in by Apple last year to find studios that could be used for Apple TV+ productions. MBS is understood to have struck a deal with property firm Tritax Big Box for the two facilities, which together provide 170,000 sq ft of space for film studios and set workshops.
Big Tech firms are resorting to warehouse space as there is a major shortage of purpose-built studios in Britain.
Last month, The Telegraph revealed that Netflix was in talks to take 230,000 sq ft of logistics space in Enfield. Property firm CBRE has estimated that companies are hunting for at least 2m square feet of studio space in the UK, with difficulties finding such space “negatively affecting the sector’s growth”. Well-known studio developments have already been snapped up, with Disney having struck a deal for most of the famous Pinewood Studios.
Netflix also has exclusive access to most of the facilities at Shepperton’s west London studios, and revealed last
year that it was spending £750m on making TV shows in the UK in 2020, a 50pc jump on the previous year. It is among those with significant cash to spend, following a surge in subscriber numbers during the pandemic. In Britain alone, households signed up for 12m more streaming subscription packages last year. Shows set in the UK have amassed large audiences, with hits including and