Treasury Minister says Pinewood deal is paying off

Sun, 21 Apr 2013

A decision to invest millions of pounds in a British film studio is paying off.

That’s according to the Island’s Treasury Minister who has also welcomed the news that Pinewood Shepperton is building links with China.

The company has signed a new deal with the Chinese media company Seven Stars as part of an international expansion strategy.

Last year the Manx Government spent over £12 million on a 10 per cent stake in Pinewood Shepperton.

Eddie Teare says despite it being a controversial decision the Island is starting to reap the benefits: