2 items from 2016
As revenue surges, Pinewood CEO comments on Brexit fallout: “Decline in sterling exchange rate is undoubtedly positive for our international customers.”
UK and international studio hub Pinewood Group has reported a 10.9% increase in revenue to £83.2 million ($108 million) for the year ended March 31, 2016, helped significantly by Us blockbusters Star Wars: The Force Awakens and Spectre.
Operating profit rose 136% to £13.6 million ($17.6 million).
Stage occupancy was 90%, up 10% on the year before. Subsidiary Shepperton Studios hosted seven of the top 25 grossing films of the year.
Following the UK’s decision to leave the European Union, and the consequent fall in the value of the pound, the in-demand Pinewood facilities could see even more demand for their studio space.
“In the context of our business, the decline in the sterling exchange rate is undoubtedly positive for our international customers,” Ivan Dunleavy, Pinewood chief executive, said.
Last month the company’s significant expansion plans became operational with five stages added to the existing »
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Singapore-based mm2 Entertainment has three new titles by up-and-coming directors on its slate, as part of its initiative to nurture new talents.
Ibu is a horror based on the folklore of the Pontianak, the most iconic female vampire in South East Asia.
M Rihan Halim will direct the new film, which will be made simultaneously in both Malay- and Mandarin-language to cater to different markets.
Ghost Net is a Hong Kong-set omnibus horror story by Wong Kwok Fai, Patrick Yau and Wong Kwok Keung.
mm2 Entertainment is a subsidiary of mm2 Asia, a publicly listed company in Singapore.
Long Long Time Ago [pictured], the latest co-production between mm2 Entertainment and J Team »
2 items from 2016
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