Netflix nearing deal to lease famed Pinewood Studios in UK

Netflix is nearing a deal for a long-term lease at UK-based Pinewood Studios, the place the newest spherical of “Star Wars” films, in addition to a lot of “James Bond” flicks, has been filmed.

The video-streaming large is “in superior talks” with Pinewood for a deal that may make its London-area sound levels Netflix’s UK manufacturing hub, the Monetary Occasions reported Friday — a deal that may underscore Netflix’s world ambitions.

Los Gatos, Calif.-based Netflix, which has been in talks with Pinewood for a number of months, didn’t verify the report. Pinewood didn’t return requests for remark.

Disney most not too long ago produced “Solo: A Star Wars Story” there, and is capturing “Episode IX” and different tasks on the studio.

Disney hasn’t disclosed its plans for capturing places for future tasks, and didn’t return requests for remark about how a Netflix deal may have an effect on its manufacturing schedule.

Nonetheless, Netflix’s bid to maneuver into Pinewood highlights the mounting race for cinematic dominance between the streaming large and Disney. The latter is working quick to launch its rival streaming service, Disney+, subsequent yr.

Netflix, in the meantime, is rapidly rising its manufacturing footprint in Europe because it begins ramping up its tasks on the continent subsequent yr.

This yr alone, the streaming large produced 141 tasks in Europe, which consists of 81 authentic productions and 60 co-productions on licensed applications. Subsequent yr Netflix plans on making 221 tasks, 153 of which will probably be originals.

Netflix, which produces the UK hit sequence “Black Mirror,” mentioned earlier this yr that it was organising a large 237,000-square-foot manufacturing hub in Madrid.

It has additionally opened an workplace in Paris and is transferring to a brand new house in London. However inking a take care of Pinewood would signify Netflix’s largest enlargement but. Pinewood Group is planning on increasing its 465,000-square-foot Shepperton Studios, which shot the 2017 remake of “The Mummy,” in addition to rising its Pinewood East web site in Buckinghamshire.

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