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U.K.'S SHEPPERTON MOVIE STUDIOS AIDED BY TV Tuesday, March 27 2007 Britain's venerable Pinewood Shepperton studios, which has been hit hard in recent years by the declining dollar and fewer tax incentives -- making filmmaking in the U.K. more expensive for Hollywood studios -- has been able to partially offset stagnant film business by boosting TV production, the company said today (Tuesday). In a preliminary results statement, the studio group said that revenue from television operations grew 32 percent to $23 million. "Our strategy to diversity (more) U.K. TOO EXPENSIVE FOR JAMES BOND Tuesday, November 14 2006 
Despite
lucrative
tax
incentives
offered
by
the
British
government,
the
next
James
Bond
movie
may
not
be
shot
in
Britain
because
of
the
high
costs
of
doing
so,
producer
Michael
Wilson
has
told
the
British
trade
publication
Screen
Daily.
Every
Bond
movie
has
been
filmed
at
Pinewood
Studios
near
London
beginning
with
Dr.
No
in
1962.
"London
is
the
most
expensive
city
in
the
world
right
now,"
he
said,
adding
that
in
producing
Casino
Royale,
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Crediting government tax credits, the British research firm Oxford Economics said Monday that the U.K. film industry contributed $8.8 billion to the national economy, up nearly 40 percent from 2004. "The new tax credit works. It's clearer, simpler and a good deal for investors in film," U.K Film Council CEO John Woodward told reporters. On the other hand, the study observed, if the tax incentives were withdrawn, the industry would atrophy as the number of films produced in the country would drop by 75 percent. Growth was primarily spurred by such British blockbuster co-productions as Casino Royale and The Da Vinci Code, the study said, but it was also driven by several more modest movies including The Queen, Constant Gardener, The Wind That Shakes the Barley, and Red Road. Woodward also noted that industry growth is expected to expand further with such films as the next Harry Potter and James Bond sequels as well as the movie adaptation of the musical Mamma Mia coming up. Meanwhile, reports in the U.K. said that Daniel Craig has signed a contract worth $26 million to appear in the next two James Bond movies.
