The j.v. has been set up with River’s Rock, an independently managed trust of the Cathy family. It will develop the facility on 288 acres of land south of Atlanta, Georgia.
The land and construction costs will be funded by equity from River’s Rock and a debt facility from Synovus Bank. Pinewood, which will have a 40% stake, will provide sales and marketing services.
Ivan Dunleavy, Pinewood CEO, said: “This new studio will target U.S. productions. Georgia has excellent fiscal incentives and a great crew base. With River’s Rock we have a well resourced partner that is committed to building a first-class studio facility.”
In the U.K., Pinewood owns studios in and around London at Pinewood, Shepperton and Teddington, which together have 34 stages. Pinewood also has studios in Toronto, Berlin, Malaysia and the Dominican Republic.