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Pinewood Profits Fall 12% To $4.5M

By TIM ADLER in London | Wednesday August 25, 2010 @ 1:17am PDTTags: Crystal Amber Pinewood Shepperton Film Studios, Hugo Cabret, John Carter of Mars, Martin Scorsese Hugo Cabret, Michael Grade, Pinewood Finance, Pinewood Shepperton Film Studios, Pinewood Studios

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

By NIKKI FINKE, Editor in Chief | Saturday August 7, 2010 @ 6:22pm PDTTags: Boardwalk Empire, HBO, HBO Boardwalk Empire, Hugo Cabret, Martin Scorsese, Martin Scorsese HBO, Martin Scorsese Hugo Cabret, Terence Winter, The Invention of Hugo Cabret

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 … Read More »

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