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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Egyptian Cinema Los Angeles - Rendering

Netflix unveils plans for ‘rewind rehab’ of Egyptian Theatre

Netflix is going out with the new and in with the old at the $14.4 million venue Netflix‘s renovation plans for the recently acquired Egyptian Theatre Hollywood were presented this week at the Central Hollywood Neighborhood Council. In virtual attendance were Netflix Design & Construction Regional Team Lead Tony Hambarchian and Studio Policy Manager Amy Lemisch, but an array of project renderings and new details were presented by Charuni Patibanda, president of government affairs and lobby firm The McOsker Group. Patibanda described the streaming giant’s plans for the historic theater…

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