Pinewood studio agrees deal with Chinese media group

Exterior of Pinewood studio Pinewood has studios around the world

Related Stories

British film studio Pinewood Shepperton has agreed a joint venture with Chinese media group Seven Stars.

The deal is part of its international expansion strategy.

Both companies will initially invest $1m (£655,000) into the research of various business proposals, including potential co-productions and running film courses.

If successful, the investment will be increased.

"The Chinese market for content is the fastest growing in the world," said chief executive Ivan Dunleavy.

"If successful, the joint venture could provide significant opportunities for UK film and television producers."

Seven Stars is part of one of China's leading private media groups and its founder and Chairman Bruno Wu has been a leading figure in the international entertainment industry for over a decade.

"Taking Pinewood's experience and skills to that market in partnership with such an established and successful local partner is a truly exciting prospect," said Mr Dunleavy.

Global presence

Pinewood, which makes the James Bond movies, already has studios in Canada, Germany and the Dominican Republic, with facilities in Malaysia due to open in the next couple of months.

The rapidly growing entertainment industry in China led Pinewood to begin looking into ways to expand in the region.

Pinewood wanted a local partner to help make the expansion into the Chinese market as effective as possible.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Dr Mahinder Watsa Dr Sex

    The wisecracking 90-year-old whose advice column is a cult hit


  • Payton McKinnonLeft behind

    Why do so many children die in hot cars?


  • Cooling towers at the Temelin nuclear power station, Czech Republic, 2011Nuclear links

    The EU's dependence on Russian-designed power plants


  • Tony Goldman graffiti in Wynwood.Graffiti's draw Watch

    How street art gave a Miami neighbourhood new life


Elsewhere on the BBC

  • Kyoto.Falling for Kyoto

    Acclaimed writer Pico Iyer describes an enchanting first stroll through the city

Programmes

  • A Royal Opera House performanceThe Travel Show Watch

    How the cast at the Royal Opera House are suited and booted for their spectacular stage shows

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.