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Isle of Man buys film studio stake

The government of the Isle of Man is to acquire a stake in Pinewood Shepperton Studios for £24million.

The deal would see Pinewood, home of the James Bond films, taking on the role of adviser for the island's £25 million film and TV investment fund for five years.

The Isle of Man has been active in film and television production since 1995, investing £170m in 97 productions.

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