The future of the UK’s Elstree Film Studios is in doubt, according to a new report that concluded the studio needs a substantial cash injection to fund extensive repairs to fix its old and “dangero…
John Wilson / Walt Disney Studios Motion Pictures / Lucasfilm / Courtesy Everett CollectionFilm Studios is in doubt, according to a new report that concluded the studio needs a substantial cash injection to fund extensive repairs to fix its old and “dangerous” infrastructure..
Hertsmere Council acquired the studio complex from property firm Brent Walker in 1996 when it was in a “very dilapidated state,” according to the BBC. £22m of public funds was spent on the complex. The income received from the facility to date is £28m. According to today’s report, the local authority value the studio’s current market value between £40m to £100m “depending on the purpose of its future use, such as residential use.
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