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U.K. STUDIO TO INVEST IN BRITISH MOVIES

March 8, 2011 by · Leave a Comment 

Britain’s Pinewood Shepperton studios said Monday that it plans to invest heavily in British films and will single out small independent productions with budgets of around $3 million, providing investment funds of up to 20 percent. In a statement, CEO Ivan Dunleavy said, “Although our financial commitment to each film will be relatively small, we can, in addition, offer British films access to the world-class facilities and production expertise at Pinewood and Shepperton Studios which would normally be beyond their budget.” The hope, analysts suggested, is to repeat the success of The King’s Speech, which cost around $14 million to make but which has grossed more than $245 million worldwide.