PINEWOOD ACQUIRES
RIVAL STUDIO
Copyright 2001 www.tombraiderchronicles.com
[ 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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