Skip to content
Search AI Powered

Latest Stories

Amazon announces major UK film studio investment

AMAZON streaming service Prime Video announced a major "long-term" deal for the exclusive use of new production facilities at studios near London, further boosting Britain's booming film industry.

The "landmark multimillion-pound... contract with Shepperton Studios" was for "original TV series and movie productions", its owner Pinewood Group said in a statement on Wednesday (9).


On completion of the new facilities next year, Shepperton Studios will be the second largest in the world with 31 purpose-built stages, according to Pinewood Group chairman Paul Golding.

"This... commitment to Shepperton supports our considerable investment in this fantastic studio," he added.

Finance minister Rishi Sunak said the Amazon deal represented a boost to the UK economy.

"The investment will drive growth and create jobs," he added in the joint statement.

Britain's renowned film industry has been boosted in recent years by online players, including also Netflix, seeking facilities for their own productions.

At the same time, the pandemic has triggered a surge in the streaming of films and television shows, benefitting also the likes of Disney+.

Shepperton studios, situated just south of London, has also struck an agreement with Netflix, broadcaster of "The Crown" -- the hit series chronicling the life of Queen Elizabeth II.

"Shepperton has long been synonymous with top-tier television and movies and we're proud that it will be home to many Prime Video original productions in the years to come," Jennifer Salke, head of Amazon Studios, added.

Amazon Studios recently announced that it was switching production of the second season of its Lord Of The Rings series to the UK from New Zealand.

It comes as US-owned entertainment groups Sky and Sunset Studios are in the process of building separate film and television studios close to London to help meet strong demand for streamed content.

(AFP)

More For You

Godawan

Priced at £65, the whisky is now available across London.

Indian single malt whisky Godawan debuts in London

INDIAN single malt whisky Godawan, crafted in Rajasthan by Diageo India, has launched in London.

The whisky is named after the Great Indian Bustard.

Keep ReadingShow less
Foodspeed

Foodspeed is a major supplier to the hotel, restaurant, and catering industry in London, providing milk, dairy products, and ingredients to over 500 clients. (Photo: X/@FoodspeedLtd)

Foodspeed awarded royal warrant by King Charles

FOODSPEED has been granted a royal warrant by King Charles to supply fresh milk, dairy products, and provisions to the royal household.

The company has been serving the royal household for over 15 years and previously held a royal warrant from Queen Elizabeth since 2012.

Keep ReadingShow less
Rachel Reeves

Chancellor Rachel Reeves responded to the figures, acknowledging the scale of the challenge. (Photo: Getty Images)

Economy stagnates in third quarter, revised data shows

THE UK’s economy saw no growth in the third quarter, according to revised data released on Monday, marking a setback for the Labour government.

The Office for National Statistics (ONS) reported that gross domestic product (GDP) showed zero growth between July and September, down from the previously estimated 0.1 per cent growth.

Keep ReadingShow less
London Stock Exchange

The benchmark index dropped 0.3 per cent, while the mid-cap FTSE 250 rose 0.3 per cent after hitting a near one-month low earlier in the day. (Photo: Getty Images)

FTSE 100 logs worst weekly drop since October 2023

THE FTSE 100 fell to its lowest level since 13 November on Friday, logging its sharpest weekly decline since October 2023 amid a week dominated by central bank policy decisions.

The benchmark index dropped 0.3 per cent, while the mid-cap FTSE 250 rose 0.3 per cent after hitting a near one-month low earlier in the day.

Keep ReadingShow less
Boohoo shareholders block Mike Ashley’s bid to join board
Mahmud Kamani

Boohoo shareholders block Mike Ashley’s bid to join board

SHAREHOLDERS of online fast-fashion retailer Boohoo have firmly rejected billionaire Mike Ashley’s attempt to secure a seat on its board. The decision, made at a shareholder meeting on Friday (20), follows a series of heated exchanges between Boohoo and Ashley’s Frasers Group.

A decisive 64 per cent of votes were cast against allowing Ashley and his associate, Mike Lennon, to join Boohoo’s board. Excluding Frasers Group’s 28 per cent stake in Boohoo, nearly all remaining investors voted against the proposal, reported the Financial Times.

Keep ReadingShow less