|
PINEWOOD STUDIOS
TAKES A TUMBLE
Copyright 2005 www.tombraiderchronicles.com
[ June 21st 2005 ]
Pinewood
Shepperton has shed 20 per cent from its market
share price after the company issued a profit
warning to investors. In April 2005, the studio
registered a loss after Paramount's $120m superhero
thriller Watchmen abandoned plans to shoot at
Pinewood, Screen
Daily reports this morning.
The company
said it expects interim operating profits to be
a little below market estimates at £2m. "It is
proving more difficult to achieve the level of
conversion needed to meet market expectations
for the full year ended 31 December, 2005 and
the Board now considers these are unlikely to
be met," the company said in a statement.
Pinewood
Shepperton has housed many big-budget blockbusters,
including Lara
Croft Tomb Raider and MGM's James Bond series.
The company recently acquired Teddington Studios
to bolster its portfolio as the Europe's leading
production platform.
|
