Pinewood Shepperton has entered into a joint venture agreement with Chinese media group Seven Stars Media to assess the potential for co-production deals.

Pinewood chief executive Ivan Dunleavy said the initiative could provide “significant opportunities” for UK producers.

Pinewood will provide expertise and “limited” capital investment to support the proposals, which include the creation of film and TV diploma courses to be run by UK educational institutions in China.

The two firms will also investigate production financing services for Chinese film and television productions and the development of film-themed entertainment venues in Shanghai.

Pinewood chief executive Ivan Dunleavy said: “The Chinese market for content is the fastest growing in the world and taking Pinewood’s experience and skills to that market in partnership with such an established and successful local partner is a truly exciting prospect.

“The joint venture brings together two companies with significant experience and will provide a conduit for film and television productions to maximise their impact in China. 

“The partnership with Seven Stars, under [Seven Stars chairman and chief executive] Bruno Wu’s direction, represents a strategic step forward for Pinewood’s international development.

“If successful, the joint venture could provide significant opportunities for UK film and television producers.”