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08/06/2012
Twickenham Film Studios Saved
It has been announced that an anonymous buyer has steped in and saved Twickenham film studios from closure.
Administrator Gerald Krasner said in February that the studios were to be closed, just one year ahead of the facility's centenary anniversary, due to ongoing financial travails. However, opposition from film industry figures and local residents to a plan to demolish the site in favour of housing appears to have prompted a change of heart. Krasner, of joint administrators Begbies Traynor, told Sky News on Thursday that a mystery buyer has stepped in to purchase the studio and maintain its film-making facilities, with all current staff retained.
"It is envisaged that completion will take place later this year," read a statement from the firm. "At this stage, the purchaser wishes to remain anonymous and further details will be released after completion."
Twickenham was the largest studio in the country during the 1930s and is still considered one of the UK's pre-eminent film-making facilities, alongside Pinewood and Shepperton studios.
(H)
Administrator Gerald Krasner said in February that the studios were to be closed, just one year ahead of the facility's centenary anniversary, due to ongoing financial travails. However, opposition from film industry figures and local residents to a plan to demolish the site in favour of housing appears to have prompted a change of heart. Krasner, of joint administrators Begbies Traynor, told Sky News on Thursday that a mystery buyer has stepped in to purchase the studio and maintain its film-making facilities, with all current staff retained.
"It is envisaged that completion will take place later this year," read a statement from the firm. "At this stage, the purchaser wishes to remain anonymous and further details will be released after completion."
Twickenham was the largest studio in the country during the 1930s and is still considered one of the UK's pre-eminent film-making facilities, alongside Pinewood and Shepperton studios.
(H)
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