Pinewood Studios today acknowledged that television continues to be a challenging sector, with the film industry picking up the slack in demand for the firm’s TV facilities.
The film and TV studio company described the TV market as “challenging”, with all of the TV facilities at Pinewood Studios being used by film productions.
In an interim results statement Pinewood Shepperton revealed that during the four months to the start of November revenue generated by television productions was down on the same period last year.
In contrast, film revenues were up due to a “buoyant but highly competitive international market” that has seen productions such as Pirates of the Caribbean: On Stranger Tides and Harry Potter and the Deathly Hallows use the firm’s facilities.
Pinewood Shepperton added that revenues for the rest of 2010 are “largely contracted”, but overall revenues for the year are in line with market expectations.