Search

X Factor and Britain’s Got Talent film location Fountain Studios set to close

PUBLISHED: 16:00 13 January 2016 | UPDATED: 16:13 13 January 2016

Fountain Studios in Wembley is set to close

Fountain Studios in Wembley is set to close

Archant

The Wembley home of the X Factor and Britain’s Got Talent live shows is set to close, it was announced today.

Independent Fountain Studios in Wembley Park Drive has been sold for £16million after its owners, Fountain Television Ltd, reported significant losses in the last year.

Richard Murray, chairman of Fountain’s parent company, Avesco Group, said in a statement: “Fountain Studios and its outstanding team of people have a long and proud history of television programme making in Wembley and the studios have over the years been home to many very successful television shows.

“However, the physical constraints of the Wembley site have limited Fountain’s ability to grow while at the same time property values in Wembley have increased substantially.”

Last year, Fountain made a pre-tax loss of £300,000 on sales of £5.3million.

Avesco believes selling off the studios will allow it to reduce its debt to “very modest levels”.

It is thought the studios will be demolished to make way for housing.

For 20 years, Fountain Studios has played host to top-rating reality television shows, including The X Factor, Britain’s Got Talent, The Cube, The Voice’s “battle rounds”, and All Star Mr and Mrs.

The Wembley community mourned the sale of the site on social media.

Martin Higg wrote: “Rather sad news to hear another TV production facility, Fountain Studios, is likely to be developed into flats within the year.”

Autoscript company Autoscript Hire wrote on Twitter: “Very sad to hear about the sale of Fountain Studios - we’ve had many happy years working there on some great TV #uk #television #studios.”

Keith Perrin added: “Fountain Studios to close. Another business leaves Brent 2 provide yet more investment flats.”

But not everyone was sad to hear the news.

Investment commentator Paul Scott wrote on Twitter: “Avesco (AVS) - this is why I love freeholds! Sells redundant (Fountain Studios) site for £16m, almost wiping out net debt of £17.5m.”

Latest Kilburn & Brent News Stories

Yesterday, 15:51

Kilburn Good Neighbours, the befriending scheme for the over-60s, has won the 2018 Queen’s Award for voluntary service.

Yesterday, 15:00

A troublesome crossing is set for a makeover following pressure from distressed pedestrians and the Fordwych Residents’ Association.

Yesterday, 13:56

Wembley Park has launched its cultural programme, Summer of Play, which will bring more than 300 hours of arts and entertainment to the area.

Yesterday, 12:57

A woman who knew of her friend’s plans to carry out a terrorist attack in London, but failed to alert police, has been jailed for 28 months.

Yesterday, 11:34

Labour kept all three seats up for grabs in the deferred Willesden Green election held yesterday.

Yesterday, 10:15

A poodle was dumped on the busy North Circular road in the middle of the night.

Yesterday, 07:45

Do you know this man? He’s wanted by Brent Police in connection with a stabbing in Wembley.

Thu, 16:17

Free creative writing workshops are taking place in Willesden Green Library this month.

PROMOTED CONTENT

The Granville has begun taking bookings for workspaces and events ahead of its opening this spring.

Brent Clinical Commissioning Group has announced changes to the community’s cardiology service.

If you have been looking for laser hair removal, beauty salon treatments, or skin care services you may be confused and overwhelmed with so much information out there and so many clinics and salons promising miraculous results.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Kilburn Times twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most Read Kilburn News

Show Job Lists

Digital Edition

cover

Enjoy the
Brent & Kilburn Times
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now