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.
More top news
An ex-rock star says he has finally been cleared of any involvement in a Spanish murder after a 25-year nightmare.
A lifelong Manchester United fan popped the question to the girl who has the season ticket next to his.
Paula Williamson has admitted marrying notorious prisoner Charles Bronson is a "huge risk", but insists the relationship is the "real deal".