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Government propose £25 million investment in Pinewood Studios

Wed, 06 Jun 2012


The Isle of Man could form an allegiance with one of the biggest film studios in the world.

The government is looking to acquire a stake of up to 19.9 per cent in Pinewood Shepperton plc – the studio behind the Harry Potter and James Bond movies.

Subject to Tynwald approval the investment from government would be in the region of £25 million, with the money coming from reserves.

It will mean the studios would be obligated to source and advise the Island on film investment opportunities for its separate £25 million Media Development Fund, which up to this point had been managed by CinemaNX.

Speaking about the idea Treasury Minister Eddie Teare said it would broaden the Island’s offering:

(Play media file below)

Media

  • Treasury Minister Eddie Teare

 

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