12th Nov 2009 07:00
Pinewood Shepperton plc
Pinewood Shepperton plc (the "Company"), is the leading European provider of studio and related services to the worldwide film and television industry.
The Company has entered into a comprehensive agreement with Canal+ Image UK Limited (Canal+, part of the Vivendi group) to provide an archival service including the managed storage, preservation and restoration of audio and picture assets. The Canal+ archive consists of some 140,000 items including the renowned Ealing Film library. The archival preservation and restoration service is a new revenue stream for the Company. It will be based at Pinewood Studios and fully operational by early 2010.
Canal+ has stored its archive at Pinewood Studios for some years. The agreement includes the refurbishment of their existing premises of 11,000 sq ft and the construction of a controlled environment archive facility of 2,000 sq ft. The capital investment of £2 million will be funded by Pinewood Studios. Canal+ has entered into an agreement for a long-term lease covering the refurbished and new facilities.
12 November, 2009
For further information, please contact:
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Pinewood Shepperton plc |
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Ivan Dunleavy - Chief Executive |
01753 656 183 |
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Brunswick Group LLP |
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James Olley / Oliver Hughes |
020 7404 5959 |
www.pinewoodgroup.com
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