Pinewood Sets Up TV Drama Production Joint Venture

Pinewood Television has been forged with Peter Gerwe's StoryFirst PST and will be headed by Helen Gregory, co-creator of Shondaland's 'The Catch.'

Pinewood Group – the U.K.-based production facilities company most famed for its Pinewood Studios, home of the James Bond franchise where much of Star Wars: The Force Awakens was also filmed – has set up a new TV production operation.

Pinewood Television is a joint venture with StoryFirst PST, owned by U.S. media entrepreneur Peter Gerwe, the former head of Russia's CTC Media, and will focus on creating, developing and financing quality TV drama for the international market while taking advantage of the U.K.'s generous production tax breaks. The company says it is now "in the process" of arranging long-term external financing from a group of investors and banks to invest directly into its slate.

Helen Gregory, the British producer behind a string of U.K. series since the mid 1990s and co-creator and co-executive producer of Shondaland/ABC's new series The Catch, which premieres in March, has been named the new company's creative director.

"The global demand for high-end television continues to rise dramatically, and with HETV fiscal incentives available, the Pinewood television business will participate in this growing market," said Pinewood Group CEO Ivan Dunleavy. "Pinewood Television’s offering will build on the financing experience that Pinewood and StoryFirst has developed to date."

Alongside Pinewood Television, Pinewood also has its own film investment arm in Pinewood Pictures, which was behind titles such as last year's Spooks: The Greater Good, starring Kit Harington.

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