Magazine article Screen International

Star Wars', 'Spectre' Boost Pinewood Revenue to Record High

Magazine article Screen International

Star Wars', 'Spectre' Boost Pinewood Revenue to Record High

Article excerpt

The Pinewood Group has increased revenue by 17% year-on-year from £64.1m to £75m for the year ending 31 March 2015.

Fuelled by major productions Star Wars: Episode VII - The Force Awakens, Avengers: Age of Ultron and James Bond film Spectre, the company also saw operating profit increase from £4.9m to £5.8m.

However, TV revenues for the year were down from £6.2m to £5.8m.

Growth in the studio's film business looks set to continue apace with work on its major expansion programme now underway.

The Pinewood Studios Development Framework will eventually add 1 million sq ftof new facilities, including 10 large stages with supporting workshops, production offices and infrastructure.

Commenting on today's results, Ivan Dunleavy, Pinewood Group CEO, said: "As our core business has grown we have expanded the range of services for the screen-based industries. …

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