tv companies: We are experiencing a golden era in the UK's creative industries, said Jim Reeve, the chief executive of GPM. Competition is fuelling demand for more original content from film studios, TV companies and other platforms like the streamers, according to The Guardian. However, there is still a massive shortage of studio space to cater for this. London-based Great Point Media GPM which recently partnered with the Hunger Games-maker Lionsgate to build a 100m studio complex in Yonkers, New York, is close to a deal on a site to build at least one large-scale studio in the UK. Sky to create 2,000 jobs with new Elstree TV and film studio Read more GPM has raised 100m from the US institutional fund manager MC Credit Partners, adding to the 80m it has already raised, with the aim of pushing its media investment war chest to half a billion dollars in the next 18 months. We want to play a leading role in the development of more studio space and the production of more quality content, not only in the UK but also across Europe and North America. The UK is in a race to keep up with demand for studio capacity to cope with the increasing number of productions being filmed each year. Sign up to the daily Business Today email or follow Guardian Business on Twitter at Business Desk GPM is in the process of assessing seven potential sites to build film and TV studios in the UK, US and Europe.
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