Pinewood To Manage $40M Isle Of Man Film Fund, Add New Sound Stage

By | Monday October 1, 2012 @ 5:00am PDT

Pinewood Sheppperton has entered an agreement with the Isle of Man Treasury to source projects and advise on film investment opportunities for a £25M ($40M) fund established by the Irish Sea island. The initial deal term is five years. Along with taking a management fee, the studio facilities operator will recoup a portion of revenues generated by the sale of UK distribution rights to films in which the fund invests. In turn, the Treasury will buy just under 5M shares in Pinewood for £12.2M ($19.7M). The Treasury expects to offer equity finance, UK distribution and gap financing with no fixed caps.

The new deal gives Pinewood a larger footprint in film financing. In 2011, the company said it would invest up to a 20% stake in about four indie films per year. Its most recent project is Belle with Gugu Mbatha Raw, Matthew Goode, Tom Felton, Tom Wilkinson and Miranda Richardson which started shooting on Sept 24. Read More »

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Pinewood Debates Management Buyout

The publicly-quoted studio facility faces a renewed attack by shareholder Crystal Amber on Wednesday, when it announces its half-year results. Pinewood is expected to announce operating profits have fallen from last year’s £3.3 million ($5 million). Crystal Amber thinks that … Read More »

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Michael Grade Shrugs Off Call For Him To Quit As Pinewood Shepperton Boss

Michael_GradeThe former ITV chairman has survived a shareholder rebellion at this morning’s annual general meeting of the company that owns Pinewood and Shepperton film studios.

Crystal Amber, an activist investment fund with 18% of the shares in Pinewood Shepperton has attacked Grade’s … Read More »

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