Hollywood to be threatened by new british studio

Britain’s two giant film studios, Pinewood and Shepperton, are merging together, to form a huge enterprise which gives Europe the ability to rival Hollywood. Shepperton studios made “Shakespeare in Love” and “102 Dalmatians” and Pinewood is world famous for its James Bond series. Heavy investment and human resources signings are crowding into the newly merged company and spirits are greatly optimistic that this will herald a new era for British and European film-making. Tony and Ridley Scott, the brothers who own Shepperton and Pinewood’s Michael Grade, former Channel 4 t.v. chief executive, will chair the new company. With powerful movement by venture capital players behind the deal, the new conglomerate will be able to compete for films with the highest budgets.

JOHN ASHTEAD PRAVDA.RU LONDON