On 23 February 2011, Pinewood Studios Group entered into a long term agreement with the Indomina Group, an investment managed by VICINI, a leading asset management company with investments in food and beverages, retail, energy, finance, tourism and real estate in the Caribbean and Central America.
The agreement is for the operation of Pinewood Indomina Studios, the new film and television studios, built in the Dominican Republic. Pinewood will receive annual fees for its sales and management services and an equity participation which accrues over time from 2013. The construction is be funded by the Indomina Group.
The state of the art film and television production facilities will initially comprise 5,000 sq m of sound stage space along with 15,000 sq m of associated production support facilities. The 35 acre site will include an 8 acre water effects facility including a 75m x 75m exterior water tank with natural ocean horizons, blue screen capabilities and a fully equipped diving and marine department. When completed it will be the only tank of its type and size in the region.