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
One London Marathon runner who helped an exhausted competitor said it was "worth it" to help his rival.
Frost free Sunday night but turning much colder during Monday
A man has been killed by thieves who ran him over in his own car after he confronted them outside his home, police said.