Joseph O'Halloran ©RapidTVNews | 25-08-2011
The number of projects may be down to levels last seen in 2003, and competition ever higher, the UK's leading film and TV facilities, have been busy racking up revenues during the first half of 2011.
Pinewood Shepperton plc has three complementary revenue streams - film, television and media park - and has overall had an impressive H12011. Total revenues for the six months ended 30 June 2011 were £26.1m , up from the £19.0 million posted in 2010. Film revenues for the six months to 30 June 2011 were £18.2m, up substantially from the £10.8 million of 2010.
The largest film production based at Pinewood Studios during the period was Dark Shadows and the largest production based at Shepperton Studios was Wrath of the Titans. Other productions included The Iron Lady, Gravity, Woman in Black, 47 Ronin and Prometheus. During the period company also generated digital content services revenues of £3.2, only a slight uptick of £200,000 year on year. However, TV revenues for the half year actually fell by £400,000 year on year to £4.7 million with the business reporting the interesting problem of being unable to meet all the television demand at Pinewood Studios as its facilities were extensively used by film productions.
Yet Pinewood and Teddington television studios still played host to new and repeat business from leading UK TV productions such as Dragons' Den (BBC) and New Tricks (Wall to Wall) which used film stages. One of the large stages at Pinewood hosted Sky's popular live talent show Got to Dance and Dancing on Ice which occupied two stages at Shepperton for ITV. The transmission facilities at Teddington Studios provided additional services for smaller channels with channel hosting facilities provided to Racing UK, Turf TV and the Chinese Channel.
The firm's digital restoration, preservation and archive facility is to be used to ensure that the Company continues to invest in its digital infrastructure for the benefit of its film and television productions.