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

Tata Consultancy sees 5.6 per cent rise in revenue despite market challenges

Chief executive and managing director of TCS K Krithivasan

Tata Consultancy sees 5.6 per cent rise in revenue despite market challenges

INDIAN IT giant Tata Consultancy Services (TCS) posted a 5.6 per cent on-year rise in revenue for the December quarter last Thursday (9), after lower earnings in its key North American market.

The leader of India’s $254 billion (£208.4bn) IT sector, TCS is the second-largest company in India by market capitalisation and earns over 80 per cent of its revenue from Western clients.

Keep ReadingShow less
UK-GDP
The Canary Wharf business district including global financial institutions seen on June 22, 2023 in London. (Photo: Getty Images)

GDP rises just 0.1 per cent in November following Reeves’ budget

THE ECONOMY grew by 0.1 per cent in November, marking a slight recovery after contractions in September and October, according to data from the Office for National Statistics (ONS).

This modest increase followed chancellor Rachel Reeves’ October budget, which introduced significant tax hikes for businesses. However, the growth was weaker than the 0.2 per cent rise expected by economists.

Keep ReadingShow less
Pixxel launches India’s first private satellite network

FILE PHOTO: Pixxel logo and Indian flag are seen in this illustration. REUTERS/Dado Ruvic

Pixxel launches India’s first private satellite network

INDIA's space tech startup Pixxel launched three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday (14).

The satellites were launched at 1915 GMT, just after midnight in India, from the Vandenberg Space Force Base, a live telecast from SpaceX showed. The launch marks a milestone for the country's growing private space sector and for Google-backed Pixxel, a five-year-old startup.

Keep ReadingShow less
UK-India trade talks resume amid growth push

Indian external affairs minister S Jaishankar and UK foreign secretary David Lammy (S Jaishankar-X)

UK-India trade talks resume amid growth push

THE UK government on Tuesday (14) told parliament that the Free Trade Agreement (FTA) talks with India have been relaunched to deliver a joint ambition of taking the bilateral relationship to “even greater heights”.

During a debate on UK economic growth in the Commons, Labour MP Jeevun Sandher asked foreign secretary David Lammy about the steps being taken to get a “good UK-India trade deal over the line”.

Keep ReadingShow less
Inflation

Core CPI, which excludes energy, food, alcohol, and tobacco, rose by 3.2 per cent over the 12 months to December, down from 3.5 per cent in November. (Representational image: Getty)

Inflation dips to 2.5 per cent, easing pressure on Labour government

THE ANNUAL inflation rate dropped to 2.5 per cent in December, according to data from the Office for National Statistics (ONS) released on Wednesday.

The unexpected decline slightly eases pressure on the Labour government, which is grappling with economic challenges.
Analysts had predicted no change from the November figure of 2.6 per cent.

Keep ReadingShow less