Profits up 10% at Pinewood Shepperton following blockbuster ventures
Buckinghamshire studio Pinewood Shepperton has reported a 10% increase in profit after tax, after benefitting from the recent Avengers film, as well as the forthcoming Star Wars epic.
The group has reported profit after tax of £3.8 million for the six months ending September 2014, compared to £3.4 million for the period in 2013.
Revenue at the group hit £38.5 million for the period, rising from £36.2 million for the same period last year.
Pinewood Shepperton, which is the largest provider of stage and studio space in Europe, won planning permission to double in size following an appeal against an initial decision by the local council.
The studio, which is home to the James Bond franchise, saw revenues from films rise 15% to £22.5 million after working on BBC’s The Voice and Channel 4’s The Taste.
The biggest production at Pinewood in the six months to September 30 was Star Wars: Episode VII: The Force Awakens, while the largest at Shepperton studios was Marvel’s Avengers: Age of Ultron, which stars Idris Elba, Chris Hemsworth and Tom Hiddleston.
Ivan Dunleavy, chief executive, said: “These results reflect continued growth operationally and strategically for the long term.
“I am delighted the Company continues to make such positive progress notwithstanding the pressures in the wider economy.”
This was posted in Bdaily's Members' News section by Ellen Forster .