Rendering of The London Resort

Kent’s ‘answer to Disneyland’ plans new fundraising round

Directors behind a £2.5bn theme park dubbed “the UK’s answer to Disneyland” are hoping to tap up investors for fresh capital this year as costs for the blockbuster development continue to mount. The London Resort Company, which plans to build a 1,245-acre theme park in Kent, has engaged financial advisers to raise funds in 2021 from additional sources in “London capital markets and other financial centres”. The capital-raising effort comes after a rollercoaster ride for the site, which has faced a swathe of planning hurdles in recent years. Full-year accounts for…

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Dagenham Studios

Covid pandemic fuelling growth of film and TV studios in UK

As cinemas shut and streaming booms, real estate developers are spending millions on Hollywood-style lots The coronavirus pandemic may have shut cinemas and choked off the supply of new films and TV shows, but developers are banking on the streaming boom by pouring hundreds of millions of pounds into building Hollywood-style studios in the UK. This week, Barking and Dagenham council struck a £300m deal to build a studio in east London that is expected to welcome its first TV and film productions as soon as mid-2022. “We will become…

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Danny Boyle and Steve McQueen

Boyle and McQueen call on government to support UK cinema chains

Danny Boyle, Steve McQueen and other leading British film-makers have called on the government to offer financial support to the UK’s big cinema chains. “These companies represent over 80 per cent of the market,” they write in a letter to chancellor Rishi Sunak published in the Sunday Times. “Without them the future of the entire UK film industry would look extremely precarious.” Sam Mendes and Christopher Nolan are among the other signatories. Bond producers Barbara Broccoli and Michael G Wilson, Love, Actually director Richard Curtis, Bend It Like Beckham director…

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