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Pinewood Group Limited (formerly Pinewood Shepperton plc) is a British multinational film studio and television studio company headquartered in Iver Heath, Buckinghamshire, England. The group runs Pinewood Studios, Shepperton Studios in the UK and Pinewood Toronto Studios, Pinewood Indomina Studios, Pinewood Studio Berlin, Pinewood Iskandar Malaysia Studios in Canada, the Dominican Republic, Germany and Malaysia, and Pinewood Atlanta Studios.

Pinewood Group Limited
Private limited company
Industry Film Television
Founded 2001
Headquarters Iver Heath, Buckinghamshire, United Kingdom
Key people
Paul Golding
(Chairman)
Ivan Dunleavy
(Chief Executive)
Revenue £64.06 million (2014)[1]
£4.88 million (2014)[1]
£5.35 million (2014)[1]
Total assets £155.57 million (at 31 December 2014)[1]
Total equity £84.71 million (at 31 December 2014)[1]
Owner Picture HoldCo Ltd.[2] (Aermont Capital) (65.19%)
Aviva (14.14)
Crystal Amber Fund (5.65%)
Isle of Man Treasury (3.57%)
Subsidiaries
Website www.pinewoodgroup.com

To date over 1,500 productions have used facilities or services provided by Pinewood Group.

Contents

HistoryEdit

Formation and expansionEdit

The Pinewood Studios Group was formed by merger of Pinewood and Shepperton Studios at the start of the new millennium. The company floated on the London Stock Exchange in 2004 as Pinewood Shepperton Plc.[3][4] In 2005, Teddington Studios was purchased by the Group.[5][6]

A period of rapid international expansion began in 2009 when The Pinewood Studios Group took over sales and marketing of what was then Filmport (now Pinewood Toronto Studios). Then within three months, three new ventures were announced, two being completely new studio complexes. The first was Pinewood Iskandar Malaysia Studios in partnership with Khazanah Nasional Berhad (the investment holding arm of the Government of Malaysia).[7] Next came the announcement of Pinewood Studio Berlin. Then in February 2011 the company announced that it was planning to open a 35-acre film and television studio in the Dominican Republic.[8][9]

Later in 2011, The Peel Group acquired a controlling 71% interest in the company for £96 million.[10][11]

Project PinewoodEdit

In November 2007, Pinewood announced a £200m expansion plan, known as Project Pinewood.[12] When built the development will see replicas of streetscapes and zones replicating locations from the UK, Europe and the USA.[13][14] Planned zones include a college campus, Amsterdam, modern European housing, Venice, Lake Como, Paris, an Amphitheatre, Prague, West coast American housing, warehousing and downtown New York sets, Chicago, Vienna, a castle, a UK canal, Chinatown and a London street market built.[15] In addition it will also be used as residential housing, with the proposed creative community, expected to be in the region of 2000 and 2250, being integrated with the film locations. Job creation is also a key part of the plan, helping to boost the economy of both the region and the nation as a whole.[15]

An application for planning permission was formally submitted in June 2009.[16] However, the planning application was rejected by South Bucks District Council in October 2009, following a prolonged opposition campaign by local residents, who formed a "Stop Project Pinewood" group.[17] Pinewood have since appealed the decision and a public inquiry commenced on 5 April 2011.[18] In June 2014 Pinewood won its appeal and began developing the expansion.[19]

Recent developmentsEdit

In February 2015, the name of the company changed from Pinewood Shepperton plc to Pinewood Group plc.[20]

In June 2015, The Peel Group reduced its stake in the company to 39%.[21]

In February 2016, the group confirmed it was considering options for its business, including a possible sale.[22] In July 2016, its two largest shareholders, Goodweather Investment Management owned by The Peel Group and Warren James Holdings agreed to sell their respective holdings to Aermont Capital.[23] Pinewood agreed to the £323 million deal in August 2016, which would take the group private.[24] The sale was completed on 4 October 2016, and the company delisted from the London Stock Exchange the following day.[2]

OperationsEdit

United KingdomEdit

Pinewood StudiosEdit

 
The 007 Stage at Pinewood Studios in 2006, prior to rebuilding.

Pinewood Studios is probably most famous for its connection with the James Bond film series. It has also been the home for many productions over the years, large and the small. With a total of seventeen stages (including the 007 Stage, Underwater Stage and TV studios), Pinewood is the UK's largest and most prolific studio.

Pinewood Studio WalesEdit

Pinewood Studio Wales opened in north-east Cardiff in January 2015. Television series The Bastard Executioner and Sherlock have been shot there, with a remake of The Crow anticipated to be filmed there in the future.

Shepperton StudiosEdit

Shepperton Studios is often described as the home for independent filmmaking in the UK but it has also been used for the production of a number of blockbuster films including Captain America: The First Avenger, which used eight of the fifteen stages at Shepperton.

Teddington StudiosEdit

Teddington Studios is a specialist television studio complex on the banks of the River Thames. It has eight television studios ranging from 383 sq ft to 8,891 sq ft. The first UK sitcom to be shot in high definition, The Green Green Grass was shot at Teddington Studios.

The studios closed in 2014.

Pinewood FilmsEdit

In 2011, The Pinewood Studios Group created Pinewood Films to help fund and provide facilities to independent British films with budgets of approximately £2million. Pinewood Films would invest equity up to 20% per film with the intention to support four films each year.[25]

The first film to receive funding is A Fantastic Fear of Everything starring Simon Pegg.[26] The film was shot at Shepperton Studios.

ElsewhereEdit

Pinewood Toronto StudiosEdit

Pinewood Toronto Studios is a major film and television studio complex in Toronto. The 11-acre site has over 250,000 sq ft of production space, comprising eight stages including North America's largest purpose-built soundstage.[27]

Pinewood Dominican Republic StudiosEdit

Pinewood Dominican Republic Studios is a state-of-the-art studio facility located in the southern coast of the Dominican Republic. It is operated with direct management and supervision from the Pinewood Studios Group. It is the most modern production facility in the region that offers full-service capabilities for film, TV, and related media content, including the largest and most advanced water filming facility in the world.[28]

Pinewood Studio BerlinEdit

Pinewood Studio Berlin is a partnership between The Pinewood Studios Group and Studio Hamburg. The joint venture provides film production services and first class film and TV stages (ranging from 6,481 sq ft to 25,900 sq ft) to European and international filmmakers, making it easier to take advantage of the benefits of filming in Germany.[29]

Pinewood Iskandar Malaysia StudiosEdit

Opened in June 2014, Pinewood Iskandar Malaysia Studios includes 100,000 sq ft of film stages, 24,000 sq ft of TV studios as well as offices, workshops and post production facilities.[30]

Pinewood Atlanta StudiosEdit

Located in Fayetteville, Georgia in south-southwestern metro Atlanta, this location is building phase two in 2015.[31]

Los Angeles sales officeEdit

The Pinewood Studios Group has a U.S.-based sales office located at Sony Pictures Studio in Culver City, Los Angeles.

ReferencesEdit

  1. ^ a b c d e http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=10&vw=fs&SecurityToken=0P00007OQW%5d3%5d0%5dE0WWE%24%24ALL&Id=0P00007OQW&ClientFund=0&CurrencyId=GBP.  Missing or empty |title= (help)
  2. ^ a b Szalai, Georg (5 October 2016). "Pinewood Completes Sale to Real Estate Investment Fund". Hollywood Reporter. Retrieved 15 November 2016. 
  3. ^ "Pinewood Shepperton to float on stock market". The Guardian. 1 April 2004. Retrieved 30 September 2011. 
  4. ^ "Pinewood share sale raises £46m". BBC News. 7 May 2004. Retrieved 30 September 2011. 
  5. ^ "Pinewood buys Teddington Studios". BBC News. 1 April 2005. Retrieved 30 September 2011. 
  6. ^ "Teddington Studios sold to rival". The Guardian. 1 April 2005. Retrieved 30 September 2011. 
  7. ^ "Pinewood sets up in Malaysia". The Times. 17 December 2009. Retrieved 30 September 2011. 
  8. ^ "Pinewood Shepperton to open 'water studio' in Dominican Republic". The Telegraph. 22 February 2011. Retrieved 30 September 2011. 
  9. ^ "UK's Pinewood to run new Dominican Rep film studio". Reuters. 23 February 2011. Retrieved 30 September 2011. 
  10. ^ "Pinewood Shepperton back £96m takeover offer". The Independent. 27 April 2011. Retrieved 30 September 2011. 
  11. ^ "Pinewood Shepperton backs higher Peel Group bid over interest from billionaire businessman Mohammed Fayed". The Telegraph. 27 April 2011. Retrieved 30 September 2011. 
  12. ^ "Pinewood studios plan expansion". BBC. 15 November 2007. 
  13. ^ "Pinewood's £200m plan to rival Hollywood". The Telegraph. 15 November 2007. Retrieved 30 September 2011. 
  14. ^ "Pinewood plans live-in movie sets". The Telegraph. 16 November 2007. Retrieved 30 September 2011. 
  15. ^ a b "Project Pinewood press release" (PDF). April 3, 2008. 
  16. ^ "Pinewood applies for permission to build rival Hollywood". The Telegraph. 1 June 2009. Retrieved 30 September 2011. 
  17. ^ "Pinewood's £200m plans rejected". BBC News. 22 October 2009. Retrieved 30 September 2011. 
  18. ^ "Project Pinewood Newsletter" (PDF). The Pinewood Studios Group. Retrieved 23 September 2011. 
  19. ^ http://www.bbc.co.uk/news/uk-england-beds-bucks-herts-27921618
  20. ^ "Change of Name". London Stock Exchange. 23 February 2015. Retrieved 2 February 2016. 
  21. ^ "Pinewood Group plc Annual Report & Accounts 2015" (PDF). Pinewood Group plc. 29 June 2015. p. 24. Retrieved 22 February 2016. 
  22. ^ Anderson, Elizabeth (10 February 2016). "Pinewood mulls sale after 'robust' growth". The Telegraph. Retrieved 21 February 2016. 
  23. ^ "James Bond studio Pinewood to be sold". BBC News. 28 July 2016. Retrieved 25 August 2016. 
  24. ^ Davies, Rob (12 August 2016). "Pinewood Studios to be taken private in £323m deal with Aermont Capital". The Guardian. Retrieved 25 August 2016. 
  25. ^ "Film Finance". The Pinewood Studios Group. 2011-09-23. 
  26. ^ "PINEWOOD ANNOUNCES SUPPORT FOR FIRST BRITISH FILM PRODUCTION". The Pinewood Studios Group. Retrieved 2011-09-23. 
  27. ^ "Pinewood Toronto Studios". The Pinewood Studios Group. Retrieved 2011-09-23. 
  28. ^ "Pinewood Dominican Republic Studios". The Pinewood Studios Group. Retrieved 2011-09-23. 
  29. ^ "Pinewood Studio Berlin". The Pinewood Studios Group. Retrieved 2011-09-23. 
  30. ^ "Pinewood Iskandar Malaysia Studios officially opens and is in full swing". The Pinewood Studios Group. 13 June 2014. Retrieved 20 August 2014. 
  31. ^ http://www.pinewoodgroup.com/our-studios/usa/pinewood-atlanta-studios

External linksEdit