30th Sep 2013 08:53
LONDON (Alliance News) - Pinewood Shepperton PLC, owner of Pinewood Studios, said that its positive start to the year had continued across all its revenue streams in a statement ahead of its annual general meeting Monday.
"Film revenues to date reflect very high stage and facility occupancy," said Chairman Michael Grade in a statement. "Television continues to experience high levels of utilisation, Media Hub occupancy is currently 99% and Media Investment is progressing well."
Pinewood Shepperton provides filming studios and facilities, it said that it was continuing to invest in its existing facilities and had completed a major upgrade in its television business. The company submitted an appeal to the Planning Inspectorate in May over South Bucks District Council to refuse planning permission for the Pinewood Studios Development Framework, which would increase capacity at the studios. The company maintains that the business needs to increase capacity at Pinewood, and a public inquiry is scheduled to begin in November.
Shares in Pinewood were trading down 4% at 285.52 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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