Netflix hit series 'Stranger Things', Credit: Flickr/Stock CatalogUS and London Firms at Centre Stage as Netflix Launches UK Studio
This is the streaming giant's first venture into the UK production market.
July 05, 2019 at 06:04 AM
2 minute read
Latham & Watkins, Jones Day and Forsters are advising as U.S. streaming giant Netflix sets up its first U.K. production hub.
The deal between Netflix and the U.K.'s Pinewood Studios will see the California company launch a new production base at Pinewood-owned Shepperton Studios, as it bids to expand its repertoire of films and TV series.
Pinewood has turned to U.S. duo Latham & Watkins and Jones Day, according to people involved in the deal.
Latham's team is being led by real estate partner Neil Ferguson, corporate partner Brett Cassidy and capital markets partner Fritz Ernemann.
Jones Day has fielded a team including counsel Kirsty Rogerson, who focuses on real estate development transactions.
Meanwhile, Mayfair-based Forsters is advising Netflix with a team led by real estate partner Glenn Dunn, according to a person with knowledge of the deal.
Pinewood has historically turned to Travers Smith, which in 2001 advised the studio giant on its acquisition of Candover's majority stake in Shepperton Studios, and has also represented the company on planning matters.
Netflix's first original production to film at Shepperton Studios will be The Old Guard, starring Charlize Theron and Kiki Layne, and directed by Gina Prince-Bythewood, the company said in a statement.
Founded in 1931, Shepperton Studios, located in Surrey, comprises 14 stages and a 10-acre studio plot. It has hosted a number of recent productions, including Downton Abbey and Pokemon: Detective Pikachu.
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