The deal includes a£2.6m payment for the Teddington's main studios, which host shows such as ITV's Pop Idol, and an additional£100,000 for The Studio Broadcasting Company, a separate entity run by Teddington Studios on the same site. Fifty-five onsite staff have had their jobs secured by the move.
Pinewood Shepperton chief executive Ivan Dunleavy said: "Teddington Studios and SBC, combined with our existing business in television and sound services, significantly enhances our presence in the marketplace."
Teddington Studios has recently been host to productions including The Office, Kelsey Grammar presents: The Sketch Show USAand Harry Hill's TV Burp.
The unaudited net assets of Teddington Studios Limited for the year ending 30th April 2004 were£1.6m from a turnover of£8.3m with an operating loss of£9,000.
The turnover included contracts valued at approximately£2.5m which have not been renewed. Kilroyleft the daytime schedule after the former MP's infamous comments on Islam landed him in hot water. The studios also lost Des and Melto London Studios.