Pinewood profits drop 8.3%

Company plans Project Pinewood appeal

LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year.

Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be “the world’s first living and working community for the creative industries.”

Revenues overall were £40.3 million ($61.2 million) compared with £42.9 million ($65 million) in 2008.

Film revenues for 2009 were £22.7 million ($34.4 million), down on 2008’s £24.2 million ($36.7 million).

Similarly, TV revenues dropped from £12.7 million ($19.2 million) to £11.3 million ($17.1 million). However, revenues from Pinewood Shepperton’s Media Park activities, which include Shepperton Studios Property Partnership, increased from £6 million ($9 million) to £6.3 million ($9.5 million).

The firm’s CEO Ivan Dunleavy described the results as “a solid performance” and said the studios were well positioned to cater for the growing demand for creative content, despite the challenging economic environment.

More Film

  • BlacKkKlansman

    Variety Critics Name the 12 Best Movies From Cannes 2018

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • DEADPOOL 2

    Box Office: 'Deadpool 2' Propels to $125 Million Opening

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • U.S.-China Film Talks Now Part of

    U.S.-China Film Talks Now Hostage to Trade War (Report)

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • Director Hirokazu Kore-eda holds the Palme

    Why 'Shoplifters' Director Hirokazu Kore-eda is Cannes' Favorite Japanese Auteur

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • John Cho Debra Messing Aneesh Chaganty

    'Searching' Takes Top Audience Award at L.A. Asian Pacific Film Festival

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • Happy as Lazzaro Cannes

    Netflix Buys Cannes Winners 'Happy as Lazzaro,' 'Girl' for North America, Latin America

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

  • Asia Argento arrives for the screening

    Asia Argento Makes Powerful Statement About Cannes' Role in Weinstein Scandal

    LONDON — Pinewood Shepperton, the U.K. film and TV studios, posted an operating profit of £7.7 million, ($11.7 million), down 8.3% on 2008, in its annual results for last year. Company also said it would appeal against the refusal by South Bucks District Council to grant planning permission for Project Pinewood, which claims to be […]

More From Our Brands

Access exclusive content