StoryFirst has agreed to buy Pinewood-Shepperton Studios’ 50% interest in Pinewood Television, which was founded in February 2016 as a 50/50 joint venture between StoryFirst and Pinewood-Shepperton Studios.
Pinewood Television develops, produces and finances high quality TV drama series for the international market. Headed by Helen Gregory, Managing Director, Pinewood Television will be re-named from 31st October 2017.
Peter Gerwe, founder of StoryFirst commented: “Under Helen Gregory’s leadership, after only 18 months of operation, the business is flourishing and is well on its way to being a major player in scripted television drama. Helen and her team will continue to build the company. StoryFirst intends to make additional investments in the growing slate of exciting high-end TV drama projects under the new banner.”
Paul Golding, Pinewood Group’s chairman added: “We’re delighted to have been instrumental in establishing the business and we wish StoryFirst every success in the next stage of the company’s development. In the meantime, Pinewood will continue to finance independent screen-based content rather than developing new material.”
The company will be renamed and the existing management team comprising Helen Gregory and Christian Wikander, along with current board members Lord Grade, Peter Gerwe and Premila Hoon, will all remain in place.