Pinewood Shepperton”s Annual General took place on Tuesday 28 August.

Speaking to shareholders, Chairman, Lord Grade of Yarmouth said: “The Company’;s strategy has ensured that it has performed strongly during difficult economic conditions. The Company continues to invest in its facilities to ensure high levels of utilisation and that it remains a leading destination of choice for producers of creative content. As part of this we have embarked on a major investment in our television business. Film revenues reflect near capacity activity and Media Park is enjoying high occupancy levels.”

According to Grade, “The consideration of the future expansion of Pinewood Studios is ongoing. We are aiming to submit a planning application in the autumn.  A long-term plan for growth at Pinewood Studios is necessary to remain globally competitive and respond to the changing needs and future demand of the screen & digital industries. Discussions with the Government of the Isle of Man for the Company to source and advise on film investment opportunities for its £25m Media Development Fund are progressing well and a further announcement will be made in due course.”