Pinewood Shepperton has had its share of good and bad news of late. The home of the James Bond franchise is reporting a significant increase in operating profit for the fiscal year, has a steady stream of productions on its stages and is growing abroad. But, it’s still facing a stubborn local council that’s twice rejected its UK expansion plans, most recently in May. A public inquiry into the matter begins November 19. CEO Ivan Dunleavy notes, “Our customers are concerned that the company has sufficient capacity to meet their needs… The need for further, effective infrastructure to meet demand for the UK is a priority.”
Revenue for the 2012/2013 fiscal year ended March 31 was £63M ($96.3M) with operating profit of $8.25M versus $4.13M in the previous period. Among recent films to shoot at Pinewood are The Muppets… Again! and Maleficient. Upcoming are Kenneth Branagh’s Cinderella, Marvel’s Guardians Of The Galaxy and Star Wars: Episode VII.
The company has invested in increasing its TV offer; especially important as Britain has just implemented a tax break for high-end TV production. Abroad, Pinewood is in a joint venture with River’s Rock to build studio facilities in Atlanta and is also partnered with Bruno Wu‘s Seven Stars Media in China.