Film studio group Pinewood has seen a significant financial uplift due to deals with Netflix, Disney and Amazon, as it waits for the impact of US President Donald Trump's proposed tariffs.
For the year ending 31 March, 2025, Pinewood Group reported a turnover of £213.1m, a substantial increase from the previous year's £146.4m.
The company attributed its revenue growth to long-term agreements with Netflix, Disney and Amazon. New accounts also showed that its pre-tax profit rose from £24.5m to £35.3m during the same period, as reported by .
This comes after Trump threatened in May to impose a 100 per cent tariff on all foreign-made films. In a post on his Truth Social platform, Trump announced he was authorising the US Department of Commerce and Trade Representative to initiate the process of imposing the levy, saying America's movie industry was dying "a very fast death".
Pinewood Group operates Pinewood Studios, Shepperton Studios and Pinewood Toronto Studios. In October 2024, Pinewood announced plans to shut down its TV department in 2025.
Despite a slow recovery in production activity following the industry strikes of 2023, Pinewood CEO David Conway said: "It has been a positive year for the group, and I am pleased to report that we have delivered our financial objectives, even in the context of a sluggish rebound in production activity following the industry strikes of 2023.
"In early 2024, we concluded our latest expansion programme which added significant studio capacity to the group, and all new production accommodation was fully leased under long-term contracts throughout the year.
"It is this successful programme which has driven our robust year-on-year financial growth.
"We are now entering a new normal, where global production expenditure is no longer growing at the pace we experienced post-pandemic, but our Studios are evidencing that they are well placed to service the industry's pivot towards quality."
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