Copyright 2001

[ February 13th 2001 ]

Pinewood Studios, the London based stage for Paramount Pictures latest $120m adventure Tomb Raider, has concluded it's planned acquisition of rival studio Shepperton in a buyout deal valued at 35m.

The Studios, situated West of London, have joined forces to maximise the growing demand from Hollywood directors for a European location centralising on a rich pool of writing and production talent. Alien director Ridley Scot, along with brother Tony, will continue to co-chair Shepperton Studios, which now relinquishes a stake in operations to venture capital firm 3i who partly financed the acquisition.

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