Pinewood profits drop to £1.7m
Wednesday 26 August 2009
Pinewood Shepperton profits fell 55 per cent to £1.7m in the six months to 30 June despite major productions including Ridley Scott's new Robin Hood adventure.
The film studios said a battle between US studios and the Screen Actors Guild hit film sales, with projects caught in a logjam, although the dispute had now ended.
Pinewood, noted for films such as the James Bond series, also said economic pressures had made it more difficult to access financing and delayed the start of projects, but the UK was "still an attractive option" for international producers. The group saw overall revenues fall 6 per cent to £20.3m in the first half as TV revenues came in flat.
"Some of the more expensive kinds of TV production like high-end costume drama [have suffered]," the chief executive, Ivan Dunleavy, said.
"But the demand for television continues to grow as new channels come on screen. Pinewood continued to strengthen its post-production division in the period and said it had seen its reputation grow as a result of award-winning work on Slumdog Millionaire".
- 1 Joan Rivers: 'Palestinians deserve to be dead'
- 2 Perez Hilton apologises for Jennifer Lawrence nude photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Isis terror threat: Leading British Muslims issue fatwa condemning terror group
Israel-Gaza crisis: YouTube footage shows scale of destruction after 50 days of shelling
iPhone 6 'hidden code' could indicate sharper screens or bigger phones
Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
Perez Hilton apologises for Jennifer Lawrence nude photo leak
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£70000 - £75000 Per Annum: The Green Recruitment Company: Katie Robinson +44 (...
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...