A boom in the volume of big-budget Hollywood movies shooting in Blighty during 2011 has driven revenues at U.K. studio group Pinewood Shepperton to an all-time high.
Train thriller "Last Passenger" has become the second project backed by U.K. studio group Pinewood Shepperton, under its plan to invest in low-budget films by new British directors.
Pinewood Shepperton studios has announced its revenues are up 37% in the first half of this year to £26.1 million ($43.1 million), compared with $31.3 million in the same period of last year.
Domestic Film DAILY
PROVIDED BY: Box Office
No Good Deed
No Good Deed1Daily:$1.0M Cumulative:$29.9M Sony / Screen Gems -11.16%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$557,622 Cumulative:$308.5M Disney -4.92%
Dolphin Tale 2
Dolphin Tale 23Daily:$459,663 Cumulative:$18.1M Warner Brothers -9.19%
Low-budget Simon Pegg starrer "A Fantastic Fear of Everything" is the first pic to receive backing from Pinewood Shepperton Studios' indie finance initiative Pinewood Films.
Blighty's Pinewood Shepperton Studios is ramping up support for smaller-budget Brit pics, and has pledged to invest up to 20% equity in up to four films a year.
With £780 million ($1.25 billion) in inward investment, it's already a record year for foreign production in the U.K., beating the 2009 high of $1.2 billion.
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.
George Lucas' Lucasfilm is suing London-based prop workshop Shepperton Design Studios in London's High Court for copyright infringement.