FILM studio owner Pinewood Shepperton yesterday said revenues were on course to meet market expectations.

Pinewood, whose studios were used for the making of Charlie and the Chocolate Factory and Basic Instinct 2, held its annual meeting.

Chairman Michael Grade said in a statement: "The board maintains its confident view of the long-term growth prospects for the company."

Last year the group, which owns the Shepperton studios in Staines and Pinewood studios in Slough, suffered a £5.3m drop in turnover to £33.4m, while pre-tax profits more than halved to £5.3m.