The British film industry breathed a sigh of relief with the announcement that Warner Brothers would be buying Britain’s Leavesden Studios. The acquisition safeguards approximately 1,500 jobs and will create another 300 with a planned expansion. This gives Warner Brothers the studio that was used to film the J.K. Rowling’s Harry Potter films, “The Dark Knight”, and the recent summer blockbuster “Inception”.
Due to news that governmental budget cuts would make the UK Film Council a victim the purchase was looked upon favorably and as a boost to the UK film industry.
“For 86 years, Warner Brothers has been intrinsically involved in film production in the UK” said Barry Meyer, the Chairman and Chief Executive of Leavesden Studios. He added that the purchase of the studio by the Warner Brothers company “demonstrates our long-term commitment to, and confidence in, the skills and creativity of the UK film industry.”
The planned redevelopment and expansion will include two new stage areas that will be used to conduct Harry Potter set tours. The mania that always surrounds the Harry Potter brand will once again be in full gear as the next film in the successful series, “HarryPotter and the Deathly Hallows Part 1″, is premiered in London in a matter of days. There will also be investments in the studio’s visual effects, prosthetics, and animatronics departments. Once the studio expansion is concluded, it will account for one-third of the entire Britain total film stage space. The expansion of the Watford located studio is estimated to total £100 million ($161.2 million).