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.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Kilburn Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Kilburn Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Kilburn Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Kilburn & Brent News Stories

Yesterday, 17:26

Keeping young people safe is the idea behind a fundraising campaign to keep a community hub in Queen’s Park open seven days a week.

Yesterday, 16:43

Aspiring actors and film lovers are invited to question TV star Samuel West at a question and answer session in Kensal Rise.

Yesterday, 16:04

A murder suspect who stabbed a record label boss to death with a Swiss army knife told a court it was “pure chance” he pulled out a blade and not a corkscrew.

Yesterday, 11:10

Two friends put their baking skills together to raise more than £300 for a cancer charity.

Yesterday, 10:11

A community library in Kensal Rise has received a £75,000 boost which is bringing it closer to opening after seven years of campaigning.

Yesterday, 08:37

Objectors have until the end of today to make their voices heard against a proposed development to create a freight ‘super hub’ in Cricklewood.

Yesterday, 06:58

A community hub has opened in Kingsbury where people can eat, knit or simply hang out and chat.

Tue, 17:25

An award-winning play by a Brondesbury playwright who was inspired by the ongoing migrant crisis and the lives of refugees is being staged.

PROMOTED CONTENT

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.

Louise McGowan, who started as headmistress of Convent of Jesus and Mary Language College in September, speaks to education editor James Scott about life at the school.

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Newsletter Sign Up

Sign up to receive our regular email newsletter

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