Takeover Offer for 007 James Bond Pinewood Shepperton Values It Lower than Ten Years Ago.
Jonathan Stuart-Brown for Save The British Film Industry.
The FT did the story of the takeover well but missed one vital fact: in 2001 the company was valued higher than it is now.
The takeover bid for the company (which is the usual choice of studio for hire to film 007 James Bond in but has never invested 10 pence in the 007 James Bond movies ) values the company at £96.1 million.
In 2000 Pinewood Studios was bought for £62 million, and in 2001 Shepperton added for £35 million. Teddington Studios were added in 2005. There is of course inflation as well. Then add the additional 105 acre greenbelt next to the M25 (seemingly with housing permission for 1400 houses in the bag).
Thus £96.1 million, no matter how you calculate it, is much lower than the 2001 value.
No wonder the shareholders were in uproar at The AGM with The Board (who will stay on post takeover) pressing them to take the low offer.
Of course if the Board had co-invested in 007 movies, then they would have a huge chunk of a $4 billion to $5 billion franchaise !
If the shareholders had even invested the salaries paid to The Board into James Bond 007 or Pirates of The Caribbean movies, they would be laughing all the way to the bank.