Film producer Pinewood Studios has revealed that it is in negotiations with the Isle of Man government to advise on a media development fund for an initial period of five years.
If an agreement is reached, the company will source and advise on film investment opportunities for its £25m Media Development Fund (MDF).
It has been proposed that, should an agreement take place, a core team from CinemaNX, which is the current adviser to the MDF, would join the company to provide a level of continuity.
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By 12:45 on Wednesday, shares were down 1.29% at 343p.
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