Pinewood Shepperton in negotiations with Isle of Man government

6th Jun 2012 12:46

Film producer Pinewood Studios has revealed that it is in negotiations with the Isle of Man government to advise on a media development fund for an initial period of five years. If an agreement is reached, the company will source and advise on film investment opportunities for its £25m Media Development Fund (MDF). It has been proposed that, should an agreement take place, a core team from CinemaNX, which is the current adviser to the MDF, would join the company to provide a level of continuity. By 12:45 on Wednesday, shares were down 1.29% at 343p.NR