- Associated Press - Wednesday, February 23, 2011

SANTO DOMINGO, DOMINICAN REPUBLIC (AP) - The owner of the British-based movie studios where Harry Potter and James Bond films are made said Wednesday that it will build a new facility in the Dominican Republic.

Pinewood Shepperton Plc said it is partnering with Indomina Group to build new movie and television studios next year under a venture called Pinewood Indomina Studios.

Indomina is managed by Dominican sugar giant Vicini and will be responsible for financing the project, which will be built on a 35-acre (14-hectare) site in San Pedro de Macoris, east of the capital of Santo Domingo.

Pinewood said it will receive annual fees for its sales and management services.

It is unclear how much the project will cost. A Vicini spokesman did not immediately return calls for comment.

The studio will feature a 53,800-square-foot (5,000-square-meter) sound stage along with an eight-acre (three-hectare) water-effects facility that calls for an exterior water tank and a fully equipped diving and marine department.

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