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

39 minutes ago

Bosses at the Football Association have agreed terms for a £600m sale of Wembley Stadium to the billionaire owner of Fulham FC.

Secondary school pupils in Harlesden have become the first in Brent to receive golden recognition for how they treat others.

09:55

The majority of Brent’s overground station ticket offices could be closed, after Arriva Rail London announced a consultation on their future.

Yesterday, 16:18

“I’ve got thousands of friends, thousands. Anyone you see wearing a maroon beret, you’ll know they are a friend of mine.”

Yesterday, 11:48

A man suffered minor injuries following a collision in Cricklewood which saw one car flip over.

Mon, 17:42

Brent Central’s MP has defended a controversial speech she made at the Labour Party conference where she said it’s “better to break the law than break the poor” when facing government cuts.

Mon, 15:55

Coppers brought along their classic Morris Minor police car to show off at a community party in Willesden.

Sunday, September 23, 2018

Letters, contributions and comments sent in from Times’ readers this week.

PROMOTED CONTENT

A new community centre, The Yellow, opens in Wembley Park in the heart of the Brent community. From October 1, the hub will offer a selection of arts and fitness classes, many of which will be free.

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.

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