The First Minister has described the Pinewood Studio Wales deal as a 'major coup'.
Carwyn Jones said: “After the glitz and glamour of last night’s BAFTA awards, I can reveal that the Welsh Government has secured one of the biggest prizes in the British film and television industry.
"Attracting such an iconic global brand as Pinewood is wonderful news for Wales. Pinewood is synonymous with world-class British and international productions, including the James Bond film franchise, and is home to some of the most successful feature films ever made.
“This high-profile investment is of significant economic value to Wales while the partnership between the Welsh Government and Pinewood offers a priceless opportunity to promote Wales as a world-class location for film and television production."