Pathé switches to high-end TV drama as loss continues despite Sir Michael Caine swan song October 14, 2024 The UK arm of movie maker Pathé remains in the red despite releasing the final film featuring Sir Michael Caine amid its switch to high-end TV drama. Pathé Entertainment, which is headquartered in London, has reported a pre-tax loss of £4.8m for 2023, according to newly-filed accounts with Companies House. The loss comes after the [...]
Barbenheimer fails to drag Showcase Cinemas owner out of the red October 14, 2024 The popularity of films such as Barbie and Oppenheimer failed to drag the company behind Showcase Cinemas out of the red despite boosting its sales, it has been revealed. The UK arm of National Amusements has reported a pre-tax loss of £13m for the year to 4 January, 2024, according to newly-filed accounts with Companies [...]
Wallace and Gromit maker Aardman slips into the red October 11, 2024 Aardman, the studio behind Wallace and Gromit, fell into the red during 2023, it has been revealed. The Bristol-headquartered business has reported a pre-tax loss of £550,135 for its latest financial year. The loss comes after the studio posted a pre-tax profit of £1.5m in 2022. Aardman said it fell to a pre-tax loss because [...]
Rayner reviews decision to block development of Marlow Film Studios October 9, 2024 Angela Rayner has launched a review of the decision to block the construction of Marlow Film Studios, opening up the possibility that the £750m project could still be approved.
Netflix: Record profit after password sharing crackdown October 9, 2024 A crackdown on password sharing in the UK helped profit at Netflix surged to a new record in 2023, it has been revealed. The London-headquartered division has reported a pre-tax profit of £60.6m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the streaming giant posted a [...]
Barbie blockbuster movie fails to boost sales at Mattel October 8, 2024 The huge success of the Barbie movie in 2023 failed to boost the sales of toy giant Mattel in the UK, it has been revealed. The Berkshire-headquartered division of the US group posted a turnover of £145.5m for the 12 months, down from £162.4m in 2022, according to newly-filed accounts with Companies House. However, its [...]
The Making of Harry Potter studio tour magics up £100m profit October 4, 2024 Profit at Warner Bros’ Harry Potter studio tour near London passed £100m as it created more than 100 jobs to cope with the rising demand for the attraction. The business behind Warner Bros Studio Tour London – The Making of Harry Potter, achieved a pre-tax profit of £100.8m for 2023, according to newly-filed accounts with [...]
Pearl & Dean: Cinema advertising giant banking on Wicked and Gladiator 2 success after loss-making year October 2, 2024 Cinema advertising giant Pearl & Dean is hoping that the expected commercial success of Wicked and Gladiator 2 will help it return to the black. The London-headquartered business fell to a pre-tax loss of £1.7m in 2023 despite the boost provided by the popularity of films such as Barbie, Oppenheimer and Wonka. The loss came [...]
Reel Cinemas: Evolution is ‘critical for long-term survival’ September 13, 2024 Reel Cinemas has said the evolution of its business model is “critical for its long-term survival” after its profit was slashed during its latest financial year. The Leicestershire-headquartered independent chain added that it is optimistic for the despite rising costs and the industry remaining “challenging”. The admission comes in newly-filed accounts with Companies House which [...]
Marlow Film Studios plots appeal to overturn rejection of £750m project August 29, 2024 Marlow Film Studios is set to appeal Buckinghamshire Council’s decision to block its £750m film studio development, a project backed by high-profile Hollywood figures, including Avatar director James Cameron. Morning Wire understands the Studios expects to lodge the appeal with the Planning Inspectorate in early September, though the exact timing is subject to the vagaries [...]