Uncertainty over the UK leaving the EU is said to be behind a key company pulling out of a new studio project.
Ambitious plans to build a new film and television complex in the Dagenham area of East London have hit problems, with the news that one of its Los Angeles-based key companies has pulled out.
Pacifica Ventures had emerged as the preferred bidder to put together what’s known as the Made In Dagenham Studios, having previously overseen similar constructions in the US. But Pacifica has now, reports Variety, withdrawn from the project. The company was reportedly struggling with the uncertainty generated by the UK’s leaving of the European Union.
The project is said to be an active one, and the hunt is on now for a new partner on the studios. In the interim, Be First, the regeneration company in the area pushing the project, will be taking things as far forward as it can.
More news on the development as we hear it. It sounds like there’s going to be a slight delay at best, though.
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