Riverside TV Studios Ltd (RTVS), the multi-million-pound state of the art television studio and production facility based in the Riverside Studios complex in Hammersmith, today announced that it continues to conduct and grow its business as usual in its home alongside the Thames in West London. This follows the announcement that the Riverside Trust, the owners of Riverside Studios, are going into administration.
The Riverside Trust charity has been hit by the pandemic and soaring energy bills, coming on top of considerable debt from the redevelopment of the Riverside site, which was relaunched in 2019.
William Burdett-Coutts, Chair of RTVS said: “RTVS continues as a vital television studio facility in West London. Whilst we are sad to see the situation with the Riverside Trust arise, we would like to reassure all our clients that our business will continue as usual.”
All existing, multiple year leases previously granted to tenants within the building owned by Riverside Trust, which was placed into Administration on 29th March, continue to be valid ensuring that there is no disruption to any studio bookings in place now or in the future. RTVS has a long-term lease on Studio 1 in the building complex, but does on occasion use other parts of the building dependent on client requirements.
RTVS hosts many entertainment shows created by leading UK production companies, including BBC, ITV, Channel 4 and UKTV. Recent productions include Have I Got News For You, Sam Ryder Rocks New Year’s Eve, The Apprentice You’re Fired and Fantasy Football League.
Bobbi Blackman, Commercial Director and Duncan Stewart, Technical Director remain the direct contacts at RTVS, assisting and co-ordinating with clients for bookings within both studios.
Alex Innes, The Innes Consultancy Limited, comments, “The proposed appointment of an Administrator to Riverside Trust will not affect the lease that RTVS has for the studios at the Riverside building and RTVS will continue to operate in the building as usual. We will work with the Administrator as our new landlord, until the future of the building has been determined and we continue with a new landlord.”
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