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Pinewood Profits Fall 12% To $4.5M

First half operating profits after exceptional items have also fallen 3% to £3.2 million. Total revenue fell 6.4% in the first 6 months to £19 million. Film production revenue fell by 8.5% to £10.8 million, while TV shooting income fell 7.3% to £5.1 million. Martin Scorsese’s Hugo Cabret was the biggest production to use Pinewood Shepperton between January and June. Other productions using the studios included Disney’s John Carter of Mars and Ruby Films’ Jane Eyre. Pinewood Shepperton has been hit by several Hollywood productions being delayed.

Crystal Amber, which yesterday became Pinewood Shepperton’s biggest shareholder, characterises chairman Michael Grade as “clueless” and called on him to stand down. The investor complains that Pinewood’s revenues have fallen, costs have risen and profits broadly halved since the group raised £50 million at flotation in 2004.

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TCA: Why Marty Scorsese Is Now Doing TV

Ray Richmond is contributing to Deadline’s coverage of TCA.

Martin Scorsese didn’t meet the TV press during HBO’s panel on its new Prohibition-based series Boardwalk Empire. Instead, he was presented live via satellite from the London set of his latest film, the 3D children’s movie Hugo Cabret. Scorsese now has two projects with HBO — the gangster epic, and a history of rock ‘n’ roll with Mick Jagger, both with Terence Winter — so he talked about why he’s suddenly interested in the small screen medium at this point in his career. ”What’s happening the past 9 to 10 years, particularly at HBO, is what we had hoped for in the mid-Sixties with films being made for television at first. We’d hoped there would be this kind of freedom and also the ability to create another world and create longform characters and story. That didn’t happen in the 1970s, 1980s and in the 1990s I think. And of course …HBO is a trailblazer in this. I’ve been tempted over the years to be involved with them because of the nature of long-form and their development of character and plot.”

Creator Terence Winter, an alum of The Sopranos, told the critics HBO approached him to explore the subject of Prohibition. ”They told me, ‘Oh and, by the way, Martin Scorsese is attached if you find a series here.’,” Winter related. “I said, ‘I assure you I’ll find a series here.’” Scorsese, who directed the first … Read More »

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